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please help The following is a summary of information presented on the financial statements of a company on December 31, 2019 Account 2019 2018 Net
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The following is a summary of information presented on the financial statements of a company on December 31, 2019 Account 2019 2018 Net Sales Revenue $603,000 $503.000 Cost of Goods Sold 455,000 406,000 Gross Profit 148,000 97,000 Selling Expenses 55,000 54,000 Net Income Before Income Tax Expense 93.000 43,000 Income Tax Expense 37,000 26,000 Net Income $56,000 $17,000 With respect to net sales revenue, a horizontal analysis reveals O A. a 19.88% increase in net sales revenue B. a decrease of $49,000 in net sales revenue O C. a 238.56% decrease in net sales revenue OD. a $49,000 increase in net sales revenueStep by Step Solution
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