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Amalgamated Corporation's Net Income Was $2,400,000 in 2009 and $800,000

Question 26

Multiple Choice

Amalgamated Corporation's net income was $2,400,000 in 2009 and $800,000 in 2010. What percentage increase in net income must Amalgamated achieve in 2011 to offset the decline in profits in 2010?


A) 75%.
B) 300%.
C) 33.33%.
D) 800%.

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