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Question 16 Exeter Corporation had net income of $3,000,000 in 2016. Using 2016 as the base year, net income decreased by 40% in 2017 and

Question 16 Exeter Corporation had net income of $3,000,000 in 2016. Using 2016 as the base year, net income decreased by 40% in 2017 and increased by 110% in 2018. Compute the net income reported by Exeter Corporation for 2017 and 2018. 2017 2018 Net Income s

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