The Goodberry Corporation Data for the Current Year and Prior

The Goodberry Corporation data for the current year and prior year is as follows: 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 12% of net sales revenue.
B) Both net income before income tax expense and net income increased by $135,000.
C) The current ratio is 1.06.
D) There was an increase in both net income before income tax expense and net income of 25%.

Correct Answer:

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