Perform vertical analysis. The income statement of OL Company showed a net sales P550,000 and net income of P110,000. Which is true? (1 pt) a. 20% of net income is net sales. b. 20% of net sales is net income c. 80% of net sales is net income d. 80% of net income is net sales - 14 Perform horizontal analysis. During 2019, the total Assets of Module Company is P550,000 and for 2020, increased to P850,000. Which is true? (1 pt) a. During 2020, the total assets of Module Company increased to 55%. b. During 2020, the total assets of Module Company increased by 155%. c. During 2020, the total assets of Module company increased to 155%. d. During 2020, the total assets of Module company decreased by 55%