Answer to Question #62497 in Accounting for Asif

Question #62497
Zeeshan Co. Ltd’s net income was Rs. 400,000 in 2004 and Rs. 160,000 in 2005. What percentage increase in net income must the Co. achieve in 2006 to offset the decline in profits in 2005?
1
Expert's answer
2016-10-08T09:28:03-0400
$160,000 / %400,000 x 100 - 100 = 60%

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