Please Refer to the Following Data: Which of the Following

question 29

Multiple Choice

Please refer to the following data: Which of the following statements is a valid conclusion based on this data?

• A)Profitability in 2014 took a dive as operating expenses increased by 30.8%.
• B)Profitability in 2014 improved greatly, as net income increased significantly as a percentage of sales.
• C)Net income in 2014 increased 12.6% over the prior year.
• D)Net income in 2014 went down because gross profit as a percentage of sales declined over the 2-year period.

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Definitions:

Deuterostomes

A major group of animals characterized by their embryonic development, in which the anus forms before the mouth.

Spiral Cleavage

A distinctive spiral pattern of blastomere production in an early protostome embryo. Compare with radial cleavage.

Coelom

The main body cavity of most animals; a true coelom is lined with mesoderm. Compare with pseudocoelom.

Endoskeleton

An internal support structure of an animal, composed of mineralized tissue, providing support and protection.