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Which statements could be logically concluded from the data

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Reference no: EM132591943

Oglethorpe Company reports the following information from the vertical analysis of its income? statement:

Net? income:

?4.2% in 2021

?3.9% in 2020

Question 1: Which of the following statements could be logically concluded from the above? data?

A. The? company's total net income increased by? 0.3% in 2021.

B. The company made a higher gross profit in 2021 than in 2020.

C. The company made higher net income in 2021 than in 2020.

D. The company has improved the profit it makes per dollar of sales in 2021.

Reference no: EM132591943

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