The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2014. 
What would horizontal analysis report with respect to selling and general expenses?
A) An 11.11% increase in selling and general expenses
B) That selling and general expenses are 10.00% of net sales revenue
C) A 10.00% decrease in selling and general expenses
D) That selling and general expenses are 8.57% of net sales revenue
Correct Answer:
Verified
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