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The following is summary of information presented on the financial statements of a company on December 31, 2017.
| Account | 2017 | 2016 |
| Net Sales Revenue | $606,000 | $504,000 |
| Cost of Goods Sold | 450,000 | 400,000 |
| Gross Profit | $156,000 | $104,000 |
| Selling Expenses | 52,000 | 56,000 |
| Net Income Before Income Tax Expense | $104,000 | $48,000 |
| Income Tax Expense | 37,000 | 23,000 |
| Net Income | $67,000 | $25,000 |
With respect to net income, a horizontal analysis reveals ________. (Round your answer to two decimal places.)
A) that net income is 168.00% of net sales revenue
B) a 168.00% increase in net income
C) a 168.00% decrease in net income
D) a $25,000 increase in net income
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