round to the near hundreth percent

Prepare a horizontal analysis of the following comparative Income statement of The Dreams Group (Click the loon to view the comparative Income statement) Why did net income increase by a higher percentage than net sales revenue during 2017 The Dreams Group Horizontal Analysis of Comparative Income Statements Years Ended December 31, 2017 and 2016 (amounts in thousands) Increase / (Decrease) 2017 2016 Amount Parcent Sales revenues $ 426,411 $ 371,600 Less: Cost of goods sold 180,761 165,600 Gross profit $ 245,650 $ 205,000 Loss: Operating expenses 100.130 95,000 Operating income $ 145,520 $ 110,000 Lass: Interest expense 30,150 7.000 Income before income taxes $ 136,370 5 103,000 Loss: income tax expense 38.165 28,000 97.185 $ 75.000 Not income nd omework 2 of 6 (0 complete) meg - X Data Table sales mo and 016 371.6 166, The Dreams Group Income Statement For the Years Ended December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Sales revenues $ 426,411 $ 371,600 Less: Cost of goods sold 180,761 166,600 Gross profit $ 245,650 S 205,000 Less: Operating expenses 100.130 95,000 Operating income $ 145,520 $ 110,000 Less: Interest expense 10,150 7,000 Income before income taxes S 135,370 S 103,000 Less: Income tax expense 38,185 28,000 $ Net income 97,185 S 75.000 205,9 95.9 110, 7. 103, 28.0 75 g Answd Print Done UNA MacBook Air