Selected data from the financial statements are provided below:
Rags to Riches
-Refer to Rags to Riches. Which of the following would be found through ratio analysis of the company's financial statements?
A) The accounts receivable turnover ratio is 7.76 in 2015.
B) Cost of goods sold increased $50,000 or 23.8% in 2015.
C) Accounts receivable increased $22,000 during 2015.
D) Total assets decreased 18.4% during 2015.
Correct Answer:
Verified
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