The Following Is a Summary of Information Presented on the Income

The following is a summary of information presented on the income statement of HR Flowers for December 31, 2007.
$$\begin{array} { | l | r | r | r | } \hline \text { Account } & 2007 & & 2006 \\\hline \text { Net sales revenue } & \$ 487,000 & 100.00 \% & \$ 500,000 \\\hline \text { Cost of goods sold } & 330,000 & 67.76 \% & 395,000 \\\hline \text { Gross profit } & 157,000 & 32.24 \% & 105,000 \\\hline \text { Selling and general expenses } & 70,000 & 14.37 \% & 50,000 \\\hline \text { Net income before income tax expense } & 87,000 & 17.86 \% & 55,000 \\\hline \text { Income tax expense } & \underline { 24,000 } & 4.93 \% & 16.500 \\\hline \text { Net income } & \underline { \$ 63,000 } & 12.94 \% & \$ 38,500 \\\hline\end{array}$$ What would vertical analysis report with respect to 2007 selling and general expenses?

A) Vertical analysis would report a 40.00% increase in selling and general expenses.
B) Vertical analysis would report a 40.00% decrease in selling and general expenses.
C) Vertical analysis would report selling and general expenses as 14.37% of net sales revenue.
D) Vertical analysis would report selling and general expenses as 10.00% of net sales revenue.