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) Cost of goods sold is 53.33% of net sales for 2012.
B) Gross profit is 46.67% of net sales for 2012.
C) Cost of goods sold decreased by $50,000 or 17.24% during 2012.
D) Inventory decreased by $6,000 or 20% during 2011.
Correct Answer:
Verified
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