The Following Income Statements Are Provided for Two Companies Operating

question 45

Multiple Choice

The following income statements are provided for two companies operating in the same industry: Assuming sales increase by $1,000, select the correct statement from the following:

• A) Felix's net income will be more than Jinx's.
• B) Only Felix will experience an increase in profit.
• C) Felix's net income will increase by $250.
• D) Jinx's net income will increase by 6%.

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