The McCumber Corporation Data for the Current Year

question 126

Multiple Choice

The McCumber Corporation data for the current year:

With respect to net income before income tax expense and net income,what would a horizontal analysis report?

• A)There was an increase in both net income before income tax expense and net income of 15.00%.
• B)Both net income before income tax expense and net income increased by $129,000.
• C)The current ratio is 0.92.
• D)Both net income before tax expense and net income were 11.17% of net sales revenue.

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Definitions:

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