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Benson Companys net income was $225,000 for Year 1, $243,750 for Year 2, and $293,160 for Year 3. Assume trend percentages for net income over
Benson Companys net income was $225,000 for Year 1, $243,750 for Year 2, and $293,160 for Year 3. Assume trend percentages for net income over the three-year period are computed, with Year 1 serving as the base year. The trend percentage for Year 3s net income is:
Select one:
A. 117.30%
B. 86.36%
C. 120.92%
D. 130.29%
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