The following is summary of information presented on the financial statements of a company on December 31, 2017. With respect to net income, a horizontal analysis reveals ________. (Round your answer to two decimal places.)
A) that net income is 134.62% of net sales revenue
B) a $26,000 increase in net income
C) a 134.62% decrease in net income
D) a 134.62% increase in net income

Question

The following is summary of information presented on the financial statements of a company on December 31, 2017.  With respect to net income, a horizontal analysis reveals ________. (Round your answer to two decimal places.)
A) that net income is 134.62% of net sales revenue 
B) a $26,000 increase in net income 
C) a 134.62% decrease in net income 
D) a 134.62% increase in net income

Quizplus · Accepted Answer

The Answer of The following is summary of information presented on the financial statements of a company on December 31, 2017.  With respect to net income, a horizontal analysis reveals ________. (Round your answer to two decimal places.)
A) that net income is 134.62% of net sales revenue 
B) a $26,000 increase in net income 
C) a 134.62% decrease in net income 
D) a 134.62% increase in net income

The Following Is Summary of Information Presented on the Financial