The following 4th quarter information was released by Costco:

Fourth quarter U.S. online sales grew 26.2 percent as compared to the same period in the previous year. Full year results show U.S. online sales year-over-year growth was 32.2%. Overall, full year total company sales, including both online and store sales, increased 9.5% year-over-year.

Which of the following would NOT explain what this is about?

	a.	Profits for the full year just ended increased 9.5% over the prior year.
	b.	Total sales reported indicate year-over-year growth.
	c.	Online sales grew at a greater rate than store sales.
	d.	Revenues generated by online sales increased for both the most recent quarter and full year as compared to the same periods one year ago.
	e.	The data in the news release was computed using horizontal analysis based in the income statement.