Exeter Corporation Had Net Income of $3,000,000 in 2013

question 271

Essay

Exeter Corporation had net income of $3,000,000 in 2013. Using 2013 as the base year, net income decreased by 40% in 2014 and increased by 110% in 2015.
Instructions
Compute the net income reported by Exeter Corporation for 2014 and 2015.

---

Definitions:

Zooplankton

Small free-floating aquatic organisms, primarily small animals or the larval stages of larger animals, serving as a crucial food source in aquatic ecosystems.

Earth's Core

The innermost part of the Earth, consisting of a solid inner core and a liquid outer core primarily made of iron and nickel.

Friction

The resistance that one surface or object encounters when moving over another, usually resulting in the generation of heat.

Ocean Currents

Large-scale movements of seawater that circulate the global oceans, significantly influencing climate and marine ecosystems.