Taylor Company Reported the Following Information for the Current Year

Taylor Company reported the following information for the current year: What would a vertical analysis report with respect to current year net income before income tax and income tax expense?

A) An increase of $125,112 from prior to current year
B) An increase of both net income before income tax and income tax of 22%
C) A decrease of $29,112 in net income before tax
D) Net income before tax of 21% and income tax of 2.00% of net sales revenue

Correct Answer:

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