If net income is rising,but net sales revenue and the gross profit percentage remain the same,then:
A)operating expenses are falling.
B)operating expenses are rising.
C)cost of goods sold is falling.
D)cost of goods sold is rising.

Question

Quizplus · Accepted Answer

Gross profit − Operating expenses = Net income
If gross profit is unchanged,but net income is rising,then operating expenses must be falling.

If Net Income Is Rising,but Net Sales Revenue and the Gross