You Have Prepared a Trend Series for Company XYZ for Three

Multiple Choice

You have prepared a trend series for Company XYZ for three years, 2004-2006 inclusive, using 2004 as the base year. Below are selected data.
$\begin{array}{lccc} & 2004 & 2005 & 2006 \\\text { Sales } & 100 & 120 & 135 \\\text { Net Income } & 99 & 118 & 128 \\\text { Total Assets } & 100 & 119 & 130\end{array}$
-From the above information, you can infer that:

A) rate of sales growth has decreased.
B) net income to sales (return on sales) is increasing over time.
C) asset turnover is decreasing over time.
D) None of the above