Assume main street storersquos net sales in 2010 were


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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Finance Basics: Assume main street storersquos net sales in 2010 were
Reference No:- TGS0627932

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