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Bloom's Garden Center Company

Question 73

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Bloom's Garden Center Company
Selected data from the financial statements of Bloom's Garden Center Company are provided below.
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 vertical analysis of Bloom's income statement? A) The accounts receivable turnover ratio is 7.56 in 2012. B) Gross profit is 46.67% of net sales for 2012. C) Cost of goods sold decreased by $50,000 or 17.24% during 2012. D) Net sales is 84.91% of total assets for 2012.
- Refer to the selected data provided for Bloom's Garden Center Company. Which of the following would result from a vertical analysis of Bloom's income statement?


A) The accounts receivable turnover ratio is 7.56 in 2012.
B) Gross profit is 46.67% of net sales for 2012.
C) Cost of goods sold decreased by $50,000 or 17.24% during 2012.
D) Net sales is 84.91% of total assets for 2012.

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