Calculate the net income for 2016. Given info: Net income and percentage change for 2017.

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Calculate the net income for 2016.

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Given info: Net income and percentage change for 2017.

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Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

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Formula:

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Percentagechange=100×laterperiodamount−BaseperiodamountBaseperiodamount

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Assume base period amount (2016) as X. In order to find out the percentage change, substitute the given values in the formula and find out the net income for the year 2016

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