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Amalgamated Corporation's Net Income Was $2,400,000 in 2017 and $800,000

Question 26

Multiple Choice

Amalgamated Corporation's net income was $2,400,000 in 2017 and $800,000 in 2018.What percentage increase in net income must Amalgamated achieve in 2019 to offset the decline in profits in 2018?


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

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