Presented Are the Income Statements of Haley and Johnston Publications

Presented are the income statements of Haley and Johnston Publications companies for the current year: $\begin{array}{|l|l|l|l|l|}\hline & \text { Haley } & & \text { Johnston } & \\\hline \text { Net sales revenue } & \$ 487,000 & 100.00 \% & \$ 500,000 & 100.00 \% \\\hline \text { COGS } & 400,000 & 82.14 \% & 395,000 & 79.00 \% \\\hline \text { Gross Profit } & 87,000 & 17.86 \% & 105,000 & 21.00 \% \\\hline \text { Selling/Gen Expenses } & \underline{30,000} & 6.16 \% & 50,000 & 10.00 \% \\\hline \text { Income from operations } & 57,000 & 11.70 \% & 55,000 & 11.00 \% \\\hline \text { Income tax expense } & 17,100 & 3.51 \% & 16,500 & 3.30 \% \\\hline \text { Net Income } & \$ 39,900 & 8.19 \% & \$ 38,500 & 7.70 \% \\\hline\end{array}$

- Which company has the better relationship between net income and net sales revenue?

A) Impossible to determine
B) Both have the same relationship
C) Johnston
D) Haley