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2- The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account 2025 2024 Net Sales
2- The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account 2025 2024 Net Sales Revenue $606,000 $501,000 405,000 Cost of Goods Sold 451,000 Gross Profit 155,000 96,000 Selling Expenses Net Income Before Income Tax Expense Income Tax Expense 58,000 53,000 97,000 43,000 41,000 18,000 Net Income $56,000 $25,000 With respect to net sales revenue, a horizontal analysis reveals A. a $46,000 increase in net sales revenue O B. a 20.96% increase in net sales revenue O C. a decrease of $46,000 in net sales revenue a 240.71% decrease in net sales revenue
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