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ABC Company reports the following data: 2017 2016 100% Sales 100% 16% 26% 84% 74% Cost of Goods Sold Gross Profit Operating Expenses Net Income

ABC Company reports the following data: 2017 2016 100% Sales 100% 16% 26% 84% 74% Cost of Goods Sold Gross Profit Operating Expenses Net Income 30% 35% 54% 39% When evaluating the results of operations, what can be said about ABC Company? The company's sales revenue decreased in 2017. The company's profitability improved in 2016. The company's profitability declined on 2017 The company's sales revenue increased in 2017

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