The following is summary of information presented on the financial statements of a company on December 31,2015. What would a horizontal analysis report show with respect to net income?
A)net income is 45.45% of net sales revenue
B)a $25,000 increase in net income
C)a 45.45% increase in net income
D)a 103.125% increase in net income

Question

The following is summary of information presented on the financial statements of a company on December 31,2015.  What would a horizontal analysis report show with respect to net income?
A)net income is 45.45% of net sales revenue 
B)a $25,000 increase in net income 
C)a 45.45% increase in net income 
D)a 103.125% increase in net income

Quizplus · Accepted Answer

11ea84d1_1152_2a5c_83dc_23d028f991f2_TB3006_00 11ea84d1_1152_2a5d_83dc_fd30918b914e_TB3006_00

The Following Is Summary of Information Presented on the Financial