QUESTION 14 Presented below is selected data from the financial statements of Cycology, Inc. for the current and prior year: 12/31/20X2 12/31/20X1 Current assets $430,000 $220,000 Total assets $2,500,000 $1,950,000 Current liabilities $210,000 $180,000 Total stockholders' equity $1,290,000 $770,000 Net sales $4,800,000 $3,900,000 Cost of Goods Sold $3,200,000 $2,690,000 Gross profit $1,600,000 $1,210,000 Wages expense $973,000 $869,000 $60,000 $50,000 Supplies expense Depreciation expense $35,000 $32,000 Interest expense $12,000 $9,000 Net income $520,000 $250,000 A horizontal analysis of the data would show (select all that apply): A. Current assets in 20x2 are 17.2% of total assets. B. Net income increased 108% from 20x1 to 20x2. Cost of goods sold increased 18.96% from 20x1 to 20x2. D. cantik mandli ovn in 671. mintalan A horizontal analysis of the data would show (select all that apply): A. Current assets in 20X2 are 17.2% of total assets. B. Net income increased 108% from 20X1 to 20X2. OC. Cost of goods sold increased 18.96% from 20X1 to 20X2. D. Cost of goods sold in 20X2 is 67.7% of net sales. E. Gross profit was 33.3% of net sales in 20X2. F. The current ratio for 20X2 is 2.05. Supplies expense increased 20% from 20x1 to 20x2. H. The net profit margin for 20X2 is 10.83%