The following is a summary of information presented on the f…
The following is a summary of information presented on the financial statements of a company on December 31, 20X9. Account 20X9 20X8 Net Sales Revenue $607,000 $503,000 Cost of Goods Sold 457,000 403,000 Gross Profit 150,000 100,000 Selling Expenses 56,000 52,000 Net Income Before Income Tax Expense 94,000 48,000 Income Tax Expense 37,000 20,000 Net Income $57,000 $28,000 With respect to net sales revenue, a horizontal analysis reveals ________.
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