Calculate the percentage of change from 2015 to 2016 and 2016 to 2017.

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Calculate the percentage of change from 2015 to 2016 and 2016 to 2017.

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Given info: Net income for the year 2015, 2016, and 2017.

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a.

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Calculate percentage of change from 2015 to 2016.

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Percentageincreaseordecreasein2015to2016netincome}=(2016netincome−2015netincome)2015netincome=$485,000-$500,000$500,000=$(15,000)$500,000=0.1or10$ 485 , 000 − $500,000$ 500 , 000 = $(15,000)$ 500 , 000 = 0 .1 or 10% In order to find out the percentage change, first determine the difference between net income on 2016 and 2015. Then, divide the difference by net income as on 2015. Hence, the calculated percentage of net income decreases in the year 2015 to 2016 by 10%'}}]}]