Question
A CMA performs a horizontal analysis on Jones Cos historical data. Her results are shown below (in millions): Year 1 Year 2 Year 3 Year
A CMA performs a horizontal analysis on Jones Cos historical data. Her results are shown below (in millions):
| Year 1 | Year 2 | Year 3 | Year 4 | |
| Sales | 250 | 275 | 280 | 285 |
| Earnings Before Taxes | 175 | 185 | 195 | 205 |
| Tax Rate | 35% | 35% | 35% | 20% |
What is the percentage increase in net income from Year 1 to Year 3?
Question 1 options:
| 23.3% | |
| 26.7% | |
| 46.7% | |
| 55.9% |
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Finance Society And Sustainability
Authors: Nick Silver
1st Edition
1137560606, 978-1137560605
