Question

After the first quarter of last year, a company posted a net income of $552 million. If this had continued, what would the company's net income have been after all 4 quarters?

Answer 1

$2.208 billion

Explanation:

4 × $552 million = $2208 million = $2.208 billion

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The wording "if this had continued" means you are to assume that all four quarters have the same net income. Then their total will be 4 times the income for one quarter.