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Below Is the Balance Sheet for Triple H Company: Triple 31,31 _ {, }

Question 28

Multiple Choice

Below is the balance sheet for Triple H Company: Triple H Company Balance Sheet Dec ember 31,31 _ {, }

20X620X5 Current as sets:  Cash $380$242 Accounts receivable 430194 Inventory 238388 Prep aid insur ance 3276 Total current ass ets $1,080$900 Long-term as sets:  Fixed assets $406$452 Less: Accumulated depreciation (272) (228)  Total long-term assets $134$224 Total assets $1.214$1.124 Current liabilities: Accounts  pay able $176$152 Wages payable 3832 Total current liabilities $214$184 Long-term liabilities:  Notes payable 420420 Total liabilities $634 $604 Owners’ equity:  Common stock $190$160 Retained income 390360 Total owner’ equity $580$520 Total liabilities and owners’ $1,214$1,124 equity \begin{array}{ccc}&20X6&20X5\\\text { Current as sets: }\\\text { Cash } & \$ 380 & \$ 242 \\\text { Accounts receivable } & 430 & 194 \\\text { Inventory } & 238 & 388 \\\text { Prep aid insur ance } & \underline{32} & \underline{76} \\\text { Total current ass ets } & \$ 1,080 & \$ 900 \\\text { Long-term as sets: } & & \\\text { Fixed assets } & \$ 406 & \$ 452 \\\text { Less: Accumulated depreciation } & \underline{(272) } & \underline{(228) } \\\text { Total long-term assets } & \$ 134 & \$ 224 \\\text { Total assets } & \$ 1.214 & \$ 1.124\\\text { Current liabilities: Accounts }\\\text { pay able } & \$ 176 & \$ 152 \\\text { Wages payable } & \underline{38} & \underline{32} \\\text { Total current liabilities } & \$ 214 & \$ 184 \\\text { Long-term liabilities: } & &\\\text { Notes payable } & \underline{420} & \underline{420} \\\text { Total liabilities } & \underline{\$ 634} & \ \mathbf{\$ 6 0 4} \\\text { Owners' equity: } & &\\\text { Common stock } & \$ 190 & \$ 160 \\\text { Retained income } & \underline{390} & \underline{360} \\\text { Total owner' equity } & \$ 580 & \$ 520 \\\text { Total liabilities and owners' } & \$ 1,214 & \$ 1,124\\\text { equity }\end{array} Triple H Company's accounts receivable increased (decreased) by:


A) (54.88) %
B) (121.65) %
C) 27.44%
D) 121.65%

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