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XYZ company 2020 Income Statement shows $11,000,000 in revenue and $500,000 in selling expenses. The company's 2019 Income Statement shows $9,000,000 in revenue and $450,000

image text in transcribed XYZ company 2020 Income Statement shows $11,000,000 in revenue and $500,000 in selling expenses. The company's 2019 Income Statement shows $9,000,000 in revenue and $450,000 in selling expenses. Using Vertical Analysis, which of the below is true: Multiple Choice XYZ has done a better job managing its selling expenses with the percentage of selling expenses decreasing to 4.5% in 2020 XYZ has done a worse job managing its selling expenses with the percentage of selling expenses decreasing to 4.5% in 2020 XYZ has done a better job managing its selling expenses with the percentage of selling expenses increasing to 6% in 2020 XYZ has done a better job managing its selling expenses with the percentage of selling expenses decreasing to 6% in 2020

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