The Nichols Corporation Data for the Current Year

The Nichols Corporation data for the current year:

What would a horizontal analysis report with respect to net income before income tax expense and net income?

A) Both net income before tax expense and net income were 11.26% of net sales revenue.
B) Both net income before income tax expense and net income increased by $128,400.
C) The current ratio is 1:06.
D) There was an increase in both net income before income tax expense and net income of 14.00%.

Correct Answer:

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