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Gavette Company reported the following information for the current year and prior year Current year Prior year Account Net sales revenue COGS Gross Profit Selling/General

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Gavette Company reported the following information for the current year and prior year Current year Prior year Account Net sales revenue COGS Gross Profit Selling/General Exp. Net income before tax income Tax Net Income $371,200 $224,320 $ 146,880 $69.768 $77.112 $7344 $69.768 Percentage 100% ? 39.57% 18.80% ? 1.98% $300,000 $240,000 $60,000 $12.000 $48.000 $3,000 $45.000 What would a vertical analysis report with respect to current year net income before income tax and income tax expense? Select one: A. A decrease of $21.768 in net income before tax B. An increase of both net income before income tax and income tax of 20.77% C. Net income before tax of 20.77% and income tax of 1.9896 of net sales revenue FI D. An increase of $21.768 from prior to current year Tir

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