Benowitz Company’s net income was $150,000 for 2015, $162,500 for 2016, and $167,520 for 2017. Assume trend percentages for net income over the three-year period are computed, with 2015 serving as the base year. The trend percentage for 2017’s net income is?

Sep 8, 2023

Benowitz Company’s net income was $150,000 for 2015, $162,500 for 2016, and $167,520 for 2017. Assume trend percentages for net income over the three-year period are computed, with 2015 serving as the base year.

The trend percentage for 2017’s net income is?

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Benowitz Company’s net income was $150,000 for 2015, $162,500 for 2016, and $167,520 for 2017. Assume trend percentages for net income over the three-year period are computed, with 2015 serving as the base year. The trend percentage for 2017’s net income is?
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