The Following Is Summary of Information Presented on the Financial

question 126

Multiple Choice

The following is summary of information presented on the financial statements of a company on December 31,2017. $$\begin{array} { | l | r | r | } \hline \mathbf { \text { Account}} & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 6 } } \\\hline \text { Net Sales Revenue } & \$ 606,000 & \$ 504,000 \\\hline \text { Cost of Goods Sold } & \underline { 450,000 } & \underline { 400,000 } \\\hline \text { Gross Profit } & \$ 156,000 & \$ 104,000 \\\hline \text { Selling Expenses } & \underline { 52,000 } & \underline { 56,000 } \\\hline \text { Net Income Before Income Tax Expense } & \$ 104,000 & \$ 48,000 \\\hline \text { Income Tax Expense } & \underline { 37,000 } & \underline { 23,000 } \\\hline \text { Net Income } & \$ 67,000 & \$ 25,000 \\\hline\end{array}$$ With respect to net income,a horizontal analysis reveals ________.(Round your answer to two decimal places. )

• A)that net income is 168.00% of net sales revenue
• B)a $25,000 increase in net income
• C)a 168.00% decrease in net income
• D)a 168.00% increase in net income

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Definitions:

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, often characterized by delusions, hallucinations, and disorganized speech.

General Symptoms

Non-specific signs of a disease or disorder not definitively linked to any one condition.

Subtypes

Specific categories within a broader classification, characterized by their unique features or attributes.

Anhedonia

A condition in which the ability to experience pleasure from activities usually found enjoyable is lost.