ACG2011_687908(1) Test: Ch 17 Test - Graded Question 23 of 25 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 $605,000 $508,000 Cost of Goods Sold 456,000 405.000 Gross Profit 149,000 103,000 Selling Expenses 51.000 54.000 Net Income Before Income Tax Expense 98,000 49,000 Income Tax Expense 39.000 23.000 Net Income $59,000 $26,000 With respect to gross profit, a horizontal analysis reveals OA. an increase of 20.28% OB. an increase of 30.87% OC. an increase of 24.63% OD. an increase of 44.66% cesar Roc This tes point(s) P This que point(s) p (Round your answer to two decimal places.)