Table 18 -4
The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2017.

-Refer to Table 18-4.What would a horizontal analysis report with respect to net income before income tax expense and net income show?
A) that both net income before income tax expense and net income are 45.45% of net sales revenue
B) a $25,000 increase in both net income before income tax expense and net income
C) a 45.45% increase in both net income before income tax expense and net income
D) a 145% increase in both net income before income tax expense and net income

Question

Table 18 -4
The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2017.
 
-Refer to Table 18-4.What would a horizontal analysis report with respect to net income before income tax expense and net income show?
A) that both net income before income tax expense and net income are 45.45% of net sales revenue 
B) a $25,000 increase in both net income before income tax expense and net income 
C) a 45.45% increase in both net income before income tax expense and net income 
D) a 145% increase in both net income before income tax expense and net income

Quizplus · Accepted Answer

C) Calculations:
 11ea8586_2df0_d0c2_a31f_cdc7cca24393_TB5022_00

Table 18 -4 the Following Is a Summary of Information Presented on the Presented