The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2007 Merchandise went 565.000 B000 50 000 75.000 30,000 50.000 2006 550,000 75 000 40.000 50,000 50 000 40.000 Commented (2007 5000 shares 2006 4,000 share Related earning 40,000 25,000 Net sales revenge Court of goods sold Gross profit Selling and general expenses Net income before income tax experte Income tax espere et income $525.000 400.000 175,000 45.000 B0000 24.000 $500,000 395.000 105,000 50 000 55,000 16 500 What would horizontal analysis report with respect to not sales revenue? Horizontal analysis would report a 5% increase in net sales revenue Horizontal analysis would report a dividend yield of 58 20 Horizontal analysis would report cost of goods sold as 79.19% of net sales revenue Horizontal analysis would report accounts receivable fumover as 724 times