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The following data were drawn from the accounting records of Fox Company. Year 2 Year 1 Revenue $ 120,000 $ 100,000 Operating Expenses 78,000 60,000
The following data were drawn from the accounting records of Fox Company. Year 2 Year 1 Revenue $ 120,000 $ 100,000 Operating Expenses 78,000 60,000 Net Income 42,000 40,000 If the year to year trends shown in these data continue revenue for Year 3 will be $144,000. operating expenses for Year 3 will be $101,400. net income for Year 3 will be $42,600. All of the answers are correct.
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