Oglethorpe Company Reports the Following Information from the Vertical Analysis

Multiple Choice

Oglethorpe Company reports the following information from the vertical analysis of their income statement: Which of the following statements could be logically concluded from the above data?

A) The company made a higher gross profit in 2014 than in 2013.
B) The company made higher net income in 2014 than in 2013.
C) The company has improved the profit they make per dollar of sales in 2014.
D) The company's total net income increased by 0.3% in 2014.