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Savanah Company Reported the Following Amounts of Net Income  Year 1 $50,000 Year 2 $70,000 Year 3 $56,000\begin{array} { l l } \text { Year 1 } & \$ 50,000 \\\text { Year 2 } & \$ 70,000 \\\text { Year 3 } & \$ 56,000\end{array}

Question 4

Multiple Choice

Savanah Company reported the following amounts of net income.
 Year 1 $50,000 Year 2 $70,000 Year 3 $56,000\begin{array} { l l } \text { Year 1 } & \$ 50,000 \\\text { Year 2 } & \$ 70,000 \\\text { Year 3 } & \$ 56,000\end{array}
Which of the following is the percentage change in net income from Year 2 to Year 3?


A) 25.0%
B) (30.0%)
C) 20.0%
D) (20.0%)
E) None of the answer choices is correct.

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