The Comparative Financial Statements of Seward,Inc Which of the Following Would Be Shown on Seward's Horizontal

question 63

Multiple Choice

The comparative financial statements of Seward,Inc.include the following data: $\begin{array}{lrr}&\text { Curyent Year}&\text { Prior Year }\\\text { Income Statement }\\\text { Net Sales Revenue } & \mathbf{2 3 4 , 0 0 0} & \mathbf{1 8 0 , 0 0 0} \\\text { Cost of Goods Sold } & 99,000 & 84,600 \\\text { Operating Expenses } & 70,200 & 57,600 \\\text { Interest Expense } & 6,300 & 6,300 \\\text { Income Tax Expense } & 9,000 & 7,200 \\\text { Net Income } & 49,500 & 24,300\\ \text {Balance Sheet }\\\text { Current Assets } & \mathbf{2 0 7 , 0 0 0} & \mathbf{1 7 1 , 0 0 0} \\\text { Plant, Property and Equipment, Net } & 176,400 & 189,000 \\\text { Current Liabilities } & 81,000 & 68,400 \\\text { Long-Term Liabilities } & 77,400 & 77,400 \\\text { Stockholders' Equity } & 225,000 & 214,200 \\\text { Total Liabilities \& Stockholders' Equity } & 383,400 & 360,000\end{array}$ Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from the prior year to the current year?

• A)An increase in sales revenue of 23%
• B)An increase in gross profit of 41.5%
• C)An increase in interest expense of 100%
• D)An increase in net income of 57%

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Definitions:

Dendrites

The branched projections of a neuron that act to propagate the electrochemical stimulation received from other neural cells to the cell body, or soma, of the neuron from which the dendrites project.

Synapses

The junctions at which neurons communicate with other neurons, muscles, or glands through electrical or chemical signals.

Neurons

Specialized cells within the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Primary Function

The primary function refers to the main or most important role or purpose that an entity or system is designed or naturally evolved to perform.