What does the following sentence mean: Based on 1980 equalling 100 , net profit increased from 240

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What does the following sentence mean: "Based on 1980 equalling 100 , net profit increased from 240 in 1996 to 260 in 1997 "?

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Financial Accounting A Global Approach

ISBN: 9780395839867

1st Edition

Authors: Sidney J. Gray, Belverd E. Needles

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Question Posted: Jun 16, 2024 04:12 AM

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What does the following sentence mean: Based on 1980 equalling 100 , net profit increased from 240

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Financial Accounting A Global Approach

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