Mother Nature Supplies
Following Are Selected Data from the Financial

Mother Nature Supplies
Following are selected data from the financial statements of Mother Nature Supplies:
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$\begin{array}{lrr}&2018&2017\\\text { Accounts receivable } & \$ 60,000 & \$ 38,000 \\\text { Merchandise inventory } & 12,000 & 16,000 \\\text { Total assets } & 450,000 & 380,000 \\\text { Net sales } & 380,000 & 270,000 \\\text { Cost of goods sold } & 160,000 & 210,000\end{array}$ ​
-Refer to the data for Mother Nature Supplies.
Which of the following would result from a vertical analysis of its income statement?

A) Accounts receivable increased $22,000,or 57.9%,during 2018.
B) Gross profit is 57.9% of net sales for 2018.
C) Cost of goods sold increased $50,000,or 23.8%,during 2018.
D) Net sales increased $110,000,or 28.9%,during 2018.