Please Refer to the Vertical Analysis of Income Statement Data

Please refer to the vertical analysis of income statement data shown below: The figure 8.5% shown for net income in 2013 signifies that:

A) in 2013, net income is equal to 8.5% of net sales revenues.
B) in 2013, net income is up 8.5% versus the previous year.
C) in 2013, net income is 8.5% of gross profit.
D) in 2013, net income is equal to 8.5% times the income before income tax.