The following is a summary of information presented on the financial statements of a company...
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The following is a summary of information presented on the financial statements of a company on December 31, 2019. Account 2019 2018 Net Sales Revenue $604,000 $504,000 Cost of Goods Sold 457.000 400,000 Gross Profit $147,000 $104,000 Selling Expenses 52.000 53.000 Net Income Before Income Tax Expense $95,000 $51,000 Income Tax Expense 35.000 19.000 O A. a 87.5% increase in net income OB. a $32,000 increase in net income O c. that net income is 8.75% of net sales revenue OD. a 87.5% decrease in net income Click to select your answer. Be 9 O Type here to search J2,000 e belle Income Tax Expense $95,000 Income Tax Expense 35,000 Net Income $60,000 With respect to net income, a horizontal analysis reveals 53.000 $51,000 19,000 $32,000 (Round your answer to two decimal places.) O A. a 87.5% increase in net income OB. a $32,000 increase in net income O c. that net income is 8.75% of net sales revenue OD. a 87.5% decrease in net income Click to select your answer. 0 Type here to search ZQI WIERT 1 AIS IDEGH
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