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Accounting

Problem:

When corporations release earnings, they often include the prior year's numbers as well as the current year's. Often, the numbers are translated into percentage terms. Therefore, it's helpful to know how to calculate changes quickly by estimating and rounding.

Required:

Question: What is the percent increase for revenues which have grown $150 (million) last year to $200(million) this year.

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170067

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