Consider the Following Income Statement Data for Barolo Inc -Based on Common-Size Analysis,which of the Following Statements Is Correct

Multiple Choice

Consider the following income statement data for Barolo Inc.:
$$\begin{array}{l}\begin{array} { l l r } &2020&2019\\\text {Sales revenue }&\$ 97,300&\$86,200\\\text {Less: Cost of goods sold }&45,600&53,400\\\text {Gross profit }&51,700&32,800\\\text {Less: Selling and administration costs }&22,500&18,300\\\text {Net Income }&\$29,200&\$14,500\\\end{array}\end{array}$$
-Based on common-size analysis,which of the following statements is correct?

A) The increase in sales revenue in 2020 was caused by higher selling and administrative expenses.
B) The company's cost to sales ratio improved in 2020.
C) The increase in gross profit in 2020 was due to increased sales.
D) Net income as a percent of sales declined in 2020.