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    Cornerstones of Managerial Accounting
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    Exam 16: Financial Statement Analysis
  5. Question
    Eaton Corporation Had Net Income of $6,000,000 in 2010
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Eaton Corporation Had Net Income of $6,000,000 in 2010

Question 30

Question 30

Essay

Eaton Corporation had net income of $6,000,000 in 2010. Using 2014 as the base year, net income decreased by 70% in 2013 and increased by 140% in 2014.
Required: Compute the net income reported by Eaton Corporation for 2013 and 2014.

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