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DNPL WOOL Youtube to mo ACC141 OM2 Managerial Accounting Homework: Assign 3 - chap 14...

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DNPL WOOL Youtube to mo ACC141 OM2 Managerial Accounting Homework: Assign 3 - chap 14 - vertical & common size Score: 0 of 1 pt 11 of 15 (8 completo) 14.2-22a Gavette Company reported the following information for the current year and prior year. Account Current year Percentage Prior year Net sales revenue $370,200 100% $300,000 COGS $223,320 ? $240,000 Gross Profit $146,880 39.68% $60,000 Selling/General Exp. $69,768 18.85% $12,000 Net income before tax $77,112 ? $48,000 Income Tax $8,344 2.25% $3,000 Net Income $68,768 ? $45,000 What would a vertical analysis report with respect to current year net income before income tax and income tax expenso? OA. A decrease of $20,768 in net income before tax OB. An increase of both net income before income tax and income tax of 20.63% OC. An increase of $20,768 from prior to current year D. Net income before tax of 20.83% and income tax of 2 25% of net sales revenue Click to select your answer and then click Check

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