The following is a summary of information presented on the financial statements of a company on December 31, 2025. Accou

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The Following Is A Summary Of Information Presented On The Financial Statements Of A Company On December 31 2025 Accou 1 (57.27 KiB) Viewed 62 times

The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net Income Before Income Tax Expense Income Tax Expense Net Income 2025 $600,000 456,000 144,000 51,000 93,000 39,000 $54,000 2024 $502,000 405,000 97,000 54,000 43,000 23,000 $20,000 (Round your answer to two decimal With respect to gross profit, a horizontal analysis reveals places.) A. an increase of 32.64% OB an increase of 24% C. an increase of 48.45% D. an increase of 19.32%