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The following is a summary of information presented on the financial statements of a company...

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Accounting

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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 $606,000 $503,000 Cost of Goods Sold 456,000 401,000 Gross Profit $150,000 $102,000 Selling Expenses 54,000 51,000 Net Income Before Income Tax Expense $96,000 $51,000 Income Tax Expense 39,000 23,000 Net Income $57,000 $28,000 With respect to net income, a horizontal analysis reveals (Round your answer to two decimal places.) O A. a 103.57% decrease in net income B. a 103.57% increase in net income OC. a $28,000 increase in net income OD. that net income is 10.36% of net sales revenue

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