If Parthenon Company Had Net Income of €540,000 in 2014

question 97

Essay

If Parthenon Company had net income of €540,000 in 2014 and it experienced a 25% increase in net income over 2013, what was its 2013 net income?

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Definitions:

Fatty Acid

Carboxylic acids with long hydrocarbon chains, which are components of lipids in the body and are used in various industrial applications.

Herring Oil

A type of oil obtained from the processing of herring fish, rich in omega-3 fatty acids.

Olive Oil

An oily substance extracted from the fruit of olive trees, which are native to the Mediterranean region, utilized in culinary practices, beauty products, medical formulations, soap making, and as a source of illumination in classic oil lamps.

Soybean Oil

An oil extracted from the seeds of the soybean plant, widely used for cooking and in food products.