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Selected information about the Thomas Trucks Company for the current year and prior year is given below. Account Current Prior Net sales revenue $648,000 $595,000

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Selected information about the Thomas Trucks Company for the current year and prior year is given below. Account Current Prior Net sales revenue $648,000 $595,000 Cost of goods sold $401,760 $425,000 Gross profit $246,240 $170,000 Selling/general expenses $162,560 $93,500 Net income before tax $83,680 $76,500 Income tax $32,400 $22,800 Net income $51,280 $53,700 The current year's selling and general expenses percentage (as would be found on a vertical analysis of the income statement for the current year) is O A. 25.09% O B. 7.91% O c. 12.91% OD. 151.48%

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