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Oglethorpe Company Reports the Following Information from the Vertical Analysis 4.2% 4.2 \%

Question 65

Multiple Choice

Oglethorpe Company reports the following information from the vertical analysis of its income statement: Net income:
4.2% 4.2 \% in 2017
3.9% 3.9 \% in 2016 Which of the following statements could be logically concluded from the above data?


A) The company made a higher gross profit in 2017 than in 2016.
B) The company made higher net income in 2017 than in 2016.
C) The company has improved the profit it makes per dollar of sales in 2017.
D) The company's total net income increased by 0.3% in 2017.

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