Answer to Question #62525 in Accounting for Asif

Question #62525

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?

Expert's answer

Necessary net income in 2006=400+(400-160)=640

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