The following is a summary of information presented on the financial statements of a company on December 31, 2019. Account 2019 2018 Net Sales Revenue $601,000 $501,000 Cost of Goods Sold 450,000 400,000 Gross Profit $151,000 $101.000 Selling Expenses 50,000 54,000 Net Income Before Income Tax Expenso $101,000 $47.000 Income Tax Expenso 40.000 24,000 Net Income $61,000 $23,000 With respect to net income a horizontal analysis reveals (Round your answer to two decimal places.) O A a $23,000 increase in net income B. that not income is 16.62% of net salos revenue Oca 165.22% increase in net income OD. a 165.22% decrease in not incomo The trend analysis report of Marswell, Inc. is given below (in millions): Net income Trend percentages 2019 $650 162% 2018 $602 150% 2017 $460 115% 2016 $403 100% 2015 $401 100% Which of the following is a correct conclusion from the above analysis? O A. Net income for 2017 has decreased by 15% over that for 2015 B. Net income for 2017 has increased by 115% over that for 2015 OC. Net income for 2017 has decreased by 115% over that for 2015 OD. Net income for 2017 has increased by 15% over that for 2015 Mercer, Inc. provides the following data for 2019: Net Sales Revenue 598.000 Cost of Goods Sold 360,000 The gross profit as a percentage of net sales is (Round your answer to two decimal places.) O A. 40.8% B. 60,20% O C. 37.96% OD. 39.80%