A business had net income this year of $83,400 and net income the previous year of $54,700. What is the percent increase (to the nearest tenth of a percent)?

		65.6%
		34.4%
		52.5%
		90.6%
		26.3%

Use the following data to calculate the requested ratio or percent (with 1 decimal place): $84,000 cash; $128,000 accounts receivable; $290,000 total current assets; $350,000 total assets; $112,000 total current liabilities; $130,000 total liabilities; $280,000 cost of goods sold; $62,000 beginning inventory; $65,000 ending inventory; $455,000 net sales; $35,000 net income, before tax; $29,000 net income, after tax; and $220,000 stockholder s equity. What is the current ratio?

2.6

2.7

1.3

3.1

1.6

Use the following data to calculate the requested ratio or percent (with 1 decimal place): $84,000 cash; $128,000 accounts receivable; $290,000 total current assets; $350,000 total assets; $112,000 total current liabilities; $130,000 total liabilities; $280,000 cost of goods sold; $62,000 beginning inventory; $65,000 ending inventory; $455,000 net sales; $35,000 net income, before tax; $29,000 net income, after tax; and $220,000 stockholder s equity. What is the quick ratio?

		1.9
		1.3
		0.29
		1.6
		2.5