| 1 of 4 (1 complete) Score: 18.46 of 20 pts E15-15 (similar to) Data for Mill Designs, Inc. follow E (Click the icon to wew the data ) Requirements 2. Why did 2016 net income increase by a higher percentage than net sales revenue? Net Sales Revenue 1.Prepare a horizontal analysis of the comparative income statement of Mill Designs, Inc. Round percentage changes to one decimal place. $ 428,950 $ 373,450 S 55,500 149% ses Cost of Goods Sold Selling and Administrative Expenses Other Expenses Total Expenses 204,000 190.450 13,550 7.1 % 00,000 91,050 8.950 9.8 % % 3.250 5.750 176.9 9.9 S 115,950 $ 88,700 S 27,25030.7 9,000 313,000 284,750 28,250 Net Income Requirement 2. Why did 2016 net income increase by a higher percentage than net sales revenue? Net income increased by a higher percentage than total net sales revenue during 2016 because Click to select your answer(s) and then click Check Answer All parts showing Clear All OType here to search