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The following is a summary of information presented on the nancial statements of a company on December 31, 2025. Account 2025 2024 Net Sales Revenue
The following is a summary of information presented on the nancial statements of a company on December 31, 2025. Account 2025 2024 Net Sales Revenue $603,000 $501,000 Cost of Goods Sold 456,000 401,000 Gross Prot 147,000 100,000 Selling Expenses 51,000 51 ,000 Net Income Before Income Tax Expense 96,000 49,000 Income Tax Expense 37,000 19,000 Net Income $59,000 $30,000 With respect to net sales revenue, a horizontal analysis reveals 9.0!\"? a 20.36% increase in net sales revenue a 239.51% decrease in net sales revenue a decrease of $55,000 in net sales revenue a $55,000 increase in net sales revenue
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