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You are comparing a firm's CVP graph for two consecutive years. In Year A , the firm's sales volume and total revenue resulted in a

You are comparing a firm's CVP graph for two consecutive years. In Year A, the firm's sales volume and total revenue resulted in a graph point that fell above the fixed-cost line, to the right of the sales line, and to the left of the total-cost line. In Year B, the firm's sales volume and total revenue resulted in a point that fell above the fixed-cost line and at the intersection of the total-cost and sales lines. What do these graph results indicate?
The firm failed to break-even in either Year A or Year B.
The firm was more profitable in Year A than in Year B.
The firm's financial performance was better in Year B than in Year A.
The firm turned a profit in both Year A and Year B.
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