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Consider the following:Net incomeNet salesYear 3Year 2Year 1$90,000$98,000$48,000$870,000 $900,000 $700,000Use the information above. Which of...

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Accounting

Consider the following:Net incomeNet salesYear 3Year 2Year 1$90,000$98,000$48,000$870,000 $900,000 $700,000Use the information above. Which of the following statements is FALSE?Select one: a. The percentage of net income to net sales increased between Year 1 and Year 2. b. The percentage of net income to net sales was 10.0% in Year 2. c. The percentage of net income to net sales was 10.3% in Year 3. d. Both (A) and (C) are false.

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