habled: Exam One (Acct 200 topics, Ch 1... Saved Assume a company provided its income statement as shown below: Net Sales Revenue Cost of goods sold Gross margin Selling and administrative expenses Net income before taxes Income taxes Net income With respect to net income, a horizontal analysis reveals Multiple Choice a $23,000 increase in net income a 152.17% decrease in net income that net income is 9.62% of net sales revenue 2019 2018 $ 603,000 $503,000 455,000 402,000 148,000 101,000 50,000 53,000 98,000 48,000 40,000 25,000 $ 58,000 $ 23,000 (Round your answer to two decimal places.) Prev 7 of 31 # Next > Help Save & Exit