Bloom's Garden Center Company
Selected data from the financial statements of Bloom's Garden Center Company are provided below.
- Refer to the selected data provided for Bloom's Garden Center Company. Which of the following would result from a horizontal analysis of Bloom's balance sheet?
A) Accounts receivable increased by $23,000 or 47.92% during 2012.
B) Accounts receivable is five times larger than inventory in 2012.
C) Accounts receivable is 13.39% of total assets in 2012.
D) The accounts receivable turnover ratio is 7.56 in 2012.
Correct Answer:
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