La Paz Company Reported the Following Data: Which of the Following

Multiple Choice

La Paz Company reported the following data: Which of the following statements is an accurate conclusion about the 2014 results, based on the above data?

A) Revenues fell and expenses rose over the 2-year period, resulting in a drop in net income.
B) Net income improved, despite a rise in operating expenses.
C) Gross profit declined over two years, resulting in a drop in net income.
D) The increase in net income resulted primarily from an increase in gross profit coupled with a decrease in operating expenses.