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The Ranger Corporation Data for the Current Year and Prior

Question 105

Multiple Choice

The Ranger Corporation data for the current year and prior year is as follows: The Ranger Corporation data for the current year and prior year is as follows: What would a horizontal analysis report with respect to net income show? A) Both net income before tax expense and net income are 8.99% of net sales revenue. B) There was an increase in net income of 52.86%. C) Both net income before income tax expense and net income increased by $18,500. D) The current ratio is 4.26. What would a horizontal analysis report with respect to net income show?


A) Both net income before tax expense and net income are 8.99% of net sales revenue.
B) There was an increase in net income of 52.86%.
C) Both net income before income tax expense and net income increased by $18,500.
D) The current ratio is 4.26.

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