1. CMA does a horizontal analysis on Jones CO historical data. Restults are in millions....
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Accounting
1. CMA does a horizontal analysis on Jones CO historical data. Restults are in millions.
Year 1 Year 2 Year 3 Year 4
sales 250 275 280 285
Earnings before tax 175 185 195 205
tax rate Year 1 35% 35% 35% 20%
What is percentage increase of net income from year 1 to 3?
23.3%, 26.7%, 46.7%, or 55.9%
Thank you.
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