increase in gross profit = 15.2%.

Which of the following is correct? A horizontal analysis of Ronald’s sales and gross profit figures shows:

a) Higher than average increase in sales, and lower than average increase in gross profit.

b) Lower than average increase in sales, and lower than average increase in gross profit.

c) Lower than average increase in sales, and higher than average increase in gross profit.

d) Higher than average increase in sales, and lower than average increase in gross profit.