Perform a Horizontal Analysis for the Balance Sheet Entry "Accounts

Perform a horizontal analysis for the balance sheet entry "Accounts Receivable" given below. (Round to the nearest tenth) $$\begin{array} { l l l l } \hline \text { Assets } & \mathbf { 2 0 1 2 } & \mathbf { 2 0 1 1 } & \begin{array} { l } \text { Increase/Decrease } \\\text { Amount Percent }\end{array} \\\hline \text { Current Assets } & & \\\text { Cash } & \$ 33,700 & \$ 43,500 \\\text { Accounts Receivables } & 40,000 & 40,800 \\\text { Merchandise Inventory } & 41,300 & 35,500 \\\text { Supplies } & 5,300 & 3,300 \\\text { Total Current Assets } & 120,300 & 123,100 \\\text { Property, Plant, and Equipment } & & \\\text { Machinery and Equipment } & 30,700 & 37,100 \\\text { Total Assets } & \$ 151,000 & \$ 160,200 \\\hline\end{array}$$

A) (2.0%)
B) (19.6%)
C) (3.5%)
D) (8.9%)