The Nichols Corporation Data for the Current Year

question 76

Multiple Choice

The Nichols Corporation data for the current year:

What would a horizontal analysis report with respect to net income before income tax expense and net income?

• A)Both net income before tax expense and net income were 11.26% of net sales revenue.
• B)Both net income before income tax expense and net income increased by $128,400.
• C)The current ratio is 1:06.
• D)There was an increase in both net income before income tax expense and net income of 14.00%.

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