The following is a summary of information presented on the financial statements of a company on December​ 31, 2025. Account 2025 2024 Net Sales Revenue $601,000 $504,000 Cost of Goods Sold ​456,000 ​405,000 Gross Profit 145,000 99,000 Selling Expenses ​51,000 ​54,000 Net Income Before Income Tax Expense 94,000 45,000 Income Tax Expense ​39,000 ​23,000 Net Income $55,000 $22,000 With respect to gross​ profit, a horizontal analysis reveals​ . (Round your answer to two decimal​ places.)

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.