Bloom's Garden Center Company

question 14

Multiple Choice

Bloom's Garden Center Company
Selected data from the financial statements of Bloom's Garden Center Company are provided below.

-Refer to the selected data provided for Bloom's Garden Center Company. Which of the following would result from a horizontal analysis of Bloom's income statement?

• A) Cost of goods sold is 53.33% of net sales for 2012.
• B) Gross profit is 46.67% of net sales for 2012.
• C) Cost of goods sold decreased by $50,000 or 17.24% during 2012.
• D) Inventory decreased by $6,000 or 20% during 2011.

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