Bloom's Garden Center Company
Selected data from the financial statements of Bloom's Garden Center are provided below.
- Refer to the selected data provided for Bloom's Garden Center. Which of the following would result from a horizontal analysis of Bloom's balance sheet?
A) Accounts receivable increased $14,000 or 25% during 2012.
B) Accounts receivable is around five times larger than inventory in 2012.
C) Accounts receivable is 15.6% of total assets in 2012.
D) The accounts receivable turnover ratio is 6.35 times in 2012.
Correct Answer:
Verified
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