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The Following Is a Summary of Information Presented on the Financial

Question 47

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The following is a summary of information presented on the financial statements of a company on December 31,2019.  Account 20192018 Net Sales Revenue $601,000$503,000 Cost of Goods Sold 457,000406,000‾ Gross Profit 144,00097,000 Selling Expenses 53,000‾55,000‾ Net Income Before Income Tax Expense 91,00042,000 Income Tax Expense 42,000‾20,000‾ Net Income $49,000$22,000\begin{array} { | l | r | r | } \hline { \text { Account } } & { \mathbf { 2 0 1 9 } } & { \mathbf { 2 0 1 8 } } \\\hline \text { Net Sales Revenue } & \$ 601,000 & \$ 503,000 \\\hline \text { Cost of Goods Sold } & 457,000 & \underline { 406,000 } \\\hline \text { Gross Profit } & 144,000 & 97,000 \\\hline \text { Selling Expenses } & \underline { 53,000 } & \underline { 55,000 } \\\hline \text { Net Income Before Income Tax Expense } & 91,000 & 42,000 \\\hline \text { Income Tax Expense } & \underline { 42,000 } & \underline { 20,000 } \\\hline \text { Net Income } & \$ 49,000 & \$ 22,000 \\\hline\end{array} With respect to net sales revenue,a horizontal analysis reveals ________.


A) a 19.48% increase in net sales revenue
B) a 237.77% decrease in net sales revenue
C) a decrease of $51,000 in net sales revenue
D) a $51,000 increase in net sales revenue

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