The following is summary of information presented on the financial statements of a company on December 31,
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Question:
The following is summary of information presented on the financial statements of a company on December 31, 2015.
Account | 2015 | 2014 |
Net Sales Revenue | $600,000 | $500,000 |
Cost of Goods Sold | 450,000 | 400,000 |
Gross Profit | $150,000 | $100,000 |
Selling Expenses | 50,000 | 50,000 |
Net income before income tax expense | $100,000 | $50,000 |
Income tax expense | 35,000 | 18,000 |
Net Income | $65,000 | $32,000 |
What would a horizontal analysis report show with respect to net income?
Select one:
Posted Date: