Selected data from the financial statements of Bloom's Garden Centre is provided below.

2014

2013

Accounts receivable

$70 000

$46 000

Inventory

10 000

17 000

Total assets

470 000

360 000

Net sales

380 000

270 000

Cost of goods sold

170 000

220 000

Which of the following would result from a vertical analysis of Bloom's statement of comprehensive income?

a. Cost of goods sold decreased $50 000 or 22.7% during 2014

b. Gross profit is 55.3% of net sales for 2014

c. Net sales are 84.4% of total assets for 2014

d. The accounts receivable turnover ratio is 7.76 in 2014