See exhibit 2-2 on page 58 in your busn 5200 custom text, Ask an Expert

Management Studies

(See Exhibit 2-2 on page 58 in your BUSN 5200 Custom text Version 2) Assume Main Street Store's Net Sales in 2010 were $1,000,000 and it's Net Income in 2010 was $17,000. Thus, between 2010 and 2011 Main Street Store's net sales increased 20%. During the same period what percentage did net income increase?

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