Bloom's Garden Center Company

Bloom's Garden Center Company
Selected data from the financial statements of Bloom's Garden Center Company are provided below.

-Refer to the selected data provided for Bloom's Garden Center Company. Which of the following would result from a horizontal analysis of Bloom's income statement?

A) Net sales increased by $110,000 during 2012, or 32.35% of the 2011 amount.
B) Gross profit is 46.67% of net sales for 2012.
C) Accounts receivable is 13.39% of total assets in 2012.
D) The accounts receivable turnover ratio is 7.56 in 2012.