13 t answered d out of 1.00 g question ion 2004 2003 2002 2001 Sales Cost of Goods Sold Gross Profit Net Income S120,000 $105,000 $ 95,000S 80,000 3,000 $ 45,000 35,000 71,000 49,000 42,500 42,000 26,500 24,000 23,500 $ 22,500 Use the above information. Which of the following statements is not true? Select one: O a. Net income as a percentage of sales had decreased since 2001 b. Gross profit $ have increased 40% since 2001 O c. Net income has increased 17.78% since 2001 O d. Sales have increased 100% since 2001 e. None of the above