Carnforth Amberly, a Professional Partnership, Has the Following Results for 20X2

Multiple Choice

Carnforth Amberly, a professional partnership, has the following results for 20X2 and 20X3: Millie Carnforth, the senior partner, had expected a 7% increase in fees between 20X2 and 20X3, and a 20% increase in net profit.
Which one of the following statements is correct?

A) Both revenue and net profit are better than expected.
B) Revenue is better than expected but net profit is worse than expected.
C) Both revenue and net profit are worse than expected.
D) Revenue is worse than expected, but net profit is better than expected.