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Current Year Prior Year $234,000 99,000 70,200 6,300 9,000 49,500 $180,000 84,600 57,600 6,300 7,200 24,300 Income Statement Net Sales Revenue Cost of Goods Sold

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Current Year Prior Year $234,000 99,000 70,200 6,300 9,000 49,500 $180,000 84,600 57,600 6,300 7,200 24,300 Income Statement Net Sales Revenue Cost of Goods Sold Operating Expenses Interest Expense Income Tax Expense Net Income Balance Sheet Current Assets Plant, Property and Equipment, Net Current Liabilities Long-Term Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity 207,000 176,400 81,000 77,400 225,000 383,400 171,000 189,000 68,400 77,400 214,200 360,000 Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from the prior year to the current year? Multiple Choice An increase in gross profit of 41.5% O C) An increase in net income of 57% O An increase in interest expense of 100% O An increase in sales revenue of 23%

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