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 be found through ratio analysis of Bloom's financial statements?
A) The receivable turnover ratio is 7.56 in 2012.
B) Cost of goods sold increased by $50,000 or 17.24% in 2012.
C) Accounts receivable increased by $23,000 during 2012.
D) Total assets increased by 15.22% during 2012.
Correct Answer:
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