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The Stemple Corporation Data for the Current Year: What

Question 33

Multiple Choice

The Stemple Corporation data for the current year: The Stemple Corporation data for the current year:   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 are 9.16% of net sales revenue. B) There was an increase in net income of 55.71%. C) Both net income before income tax expense and net income increased by $89,500. D) The current ratio is 1.24. 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 are 9.16% of net sales revenue.
B) There was an increase in net income of 55.71%.
C) Both net income before income tax expense and net income increased by $89,500.
D) The current ratio is 1.24.

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