Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.
- Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's balance sheet?
A) Net sales increased by $2,300 or 10.0% during 2012.
B) Net accounts receivable increased $12,300 or 28.47% during 2012.
C) Net accounts receivable is 12.0% of total assets in 2012.
D) The total assets is $462,500 in 2011.
Correct Answer:
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