Financial leverage refers to the issuance of stock to raise cash

Data for Kalil, Inc follows

Kalil, Inc Comparative Income Statement Years Ended Dec. 31, 2017 and 2016 2017 2016 Net Sales Revenue $550,000 $500,000 Expenses: Cost of Goods Sold 245,000 220,000 Selling and Administrative Expenses 100,000 96,000 Other Expenses (Interest Expense) 12,000 9,000 Income Tax Expense 58,000 47,000 Total Expenses $415,000 $372,000 Net Income $135,000 $128,000 Prepare a horizontal analysis of the comparative income statement of Kalil, Inc (Round to one decimal place.) Use a multi-step format for the income statement. What will be an ideal response

In most occasions, customers will be able to tell what products they want and need

Indicate whether the statement is true or false