Presented are the income statements of RiRa and Tir Na Nog Distillery companies for the current year: RiRa Tir Na Nog Net sales revenue $487,000 100.00% $500,000 100.00% COGS 400,800 82.3% 395,000 79.00% Gross Profit 86,200 17.7% 105,000 21.00% Selling/Gen Expenses 20,700 4.25% 50,000 10.00% Income from operations 65,500 13.45% 55,000 11.00% Income tax expense 17,100 3.51% 16,500 3.30% Net Income $48,400.00 9.94% $38,500 7.70% Which company has the better relationship between gross profit and net sales revenue? O A. RiRa OB. Tir Na Nog OC. Impossible to determine OD. Both have the same relationship A company uses the indirect method to prepare the statement of cash flows. It presents the following data on its financial statements: End of this year End of prior year Accounts receivable $115,000 $100,000 Cost of goods sold 560,000 Sales revenue 830,000 Accounts payable* 78,000 67,000 Inventory 86,000 105,000 Salary payable 13,000 10,000 Salary expense 49,000 45,000 Relates solely to the acquisition of inventory What will appear in the operating activities section related to accounts payable? O A. The increase of $11,000 will be added to net income. O B. The increase of $11,000 will be subtracted from cost of goods sold. O C. The increase of $11,000 will be subtracted from net income. OD. The increase of $11,000 will be added to cost of goods sold