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The following is a summary of information presented on the financial statements of a company on December 31, 2025 Account Net Sales Revenue Cost
The following is a summary of information presented on the financial statements of a company on December 31, 2025 Account Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net Income Before Income Tax Expense Income Tax Expense Net Income 2025 $ 600,000 2024 $504,000 456.000 405.000 144,000 99,000 51.000 54.000 93,000 45,000 39.000 18.000 $54,000 $27,000 With respect to income tax expense, a horizontal analysis reveals (Round your answer to two decimal places.) OA. an increase of 53.85% OB. an increase of 40.00% OC. an increase of 116.67% OD. an increase of 41.94%
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