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Brief Exercise 18-06 Net income was $500,000 in 2018, $485,000 in 2019, and $518,400 in 2020. What is the percentage of change from (a)
Brief Exercise 18-06 Net income was $500,000 in 2018, $485,000 in 2019, and $518,400 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round percentages to 1 decimal place, e.g. 12.3%.) Increase or (Decrease) Amount Percentage (a) 2018-2019 (b) 2019-2020 % % Click if you would like to Show Work for this question: Open Show Work
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