The following is a summary of information presented on the financial statements of a company...
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Accounting
The following is a summary of information presented on the financial statements of a company on December 31, 20X9.
| Account | 20X9 | 20X8 |
| Net Sales Revenue | $606,000 | $503,000 |
| Cost of Goods Sold | 453,000 | 406,000 |
| Gross Profit | 153,000 | 97,000 |
| Selling Expenses | 52,000 | 50,000 |
| Net Income Before Income Tax Expense | 101,000 | 47,000 |
| Income Tax Expense | 37,000 | 24,000 |
| Net Income | $64,000 | $23,000 |
With respect to net sales revenue, a horizontal analysis reveals
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You can see the logs in the Dashboard.