Question
You have tracked your net worth for the last two years. In the first year, your net worth was $10,000. In year two your net
You have tracked your net worth for the last two years. In the first year, your net worth was $10,000. In year two your net worth was $35,100.
Calculate the percent change in your net worth from year 1 to year two. Indicate if it is an increase or a decrease.
Show your work and show your final answer as a percent.
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
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