Sunshine Farm Supply Following are selected data from the financial statements of Sunshine Farm Supply:
Refer to the data for Sunshine Farm Supply.
Which of the following would not result from a vertical analysis of its balance sheet?
A)Accounts receivable increased $22,000 or 36.7% during 2012.
B)Accounts receivable is five times larger than Merchandise inventory in 2012.
C)Accounts receivable is 13.3% of total assets for 2012.
D)Merchandise inventory is 2.7% of total assets for 2012.

Question

Sunshine Farm Supply Following are selected data from the financial statements of Sunshine Farm Supply:
 Refer to the data for Sunshine Farm Supply.
Which of the following would not result from a vertical analysis of its balance sheet?
A)Accounts receivable increased $22,000 or 36.7% during 2012. 
B)Accounts receivable is five times larger than Merchandise inventory in 2012. 
C)Accounts receivable is 13.3% of total assets for 2012. 
D)Merchandise inventory is 2.7% of total assets for 2012.

Quizplus · Accepted Answer

The Answer of Sunshine Farm Supply Following are selected data from the financial statements of Sunshine Farm Supply:
 Refer to the data for Sunshine Farm Supply.
Which of the following would not result from a vertical analysis of its balance sheet?
A)Accounts receivable increased $22,000 or 36.7% during 2012. 
B)Accounts receivable is five times larger than Merchandise inventory in 2012. 
C)Accounts receivable is 13.3% of total assets for 2012. 
D)Merchandise inventory is 2.7% of total assets for 2012.

Sunshine Farm Supply Following Are Selected Data from the Financial