What is the percentage change

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Problem -

1. lf ABC Co had net income of$650,000 in 2019 and it experienced a 30% Increase in net income over 2018, what was its 2018 net income?

2. Net income was $500,000 in 2017, $400,000 in 2013, and $508,000 in 2019. What is the percentage change from 2017 to 2018 and 2018 to 2019? Is the change an increase or decrease?

3. Watson Company has owner's equity of S400,000 and net income of $54,000. It has a payout ratio of 20% and a rate of return on assets of 15%. How much did Watson pay in cash dividends, and what were its average assets?

Reference no: EM133059859

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