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 income statement?
A) Net sales increased $100,000 during 2012, or 33.33% of the 2011 amount.
B) Gross profit is 50% of net sales for 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:
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