Net income was $500,000 in 2010, $485,000 in 2011, and $518,400 in 2012. What is the percentage of change from (a) 2010 to 2011, and (b) From 2011 to 2012? Is the change an increase or a decrease?View Solution:
Net income was 500 000 in 2010 485 000 in 2011 and

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