Selected Data from the Financial Statements Are Provided in the Following

Selected data from the financial statements are provided in the following table:
$\begin{array}{lrr}&\text { Year } 2&\text { Year } 1\\\text { Accounts receivable } & \$ 120,000 & \$ 76,000 \\\text { Inventory } & 24,000 & 32,000 \\\text { Total assets } & 900,000 & 760,000 \\\text { Net sales } & 760,000 & 540,000 \\\text { Cost of goods sold } & 320,000 & 420,000\end{array}$
-Refer to the figure Rags to Riches.Which of the following would result from a horizontal analysis of the company's balance sheet?

A) Accounts receivable increased $22,000 or 57.9% during Year 2.
B) Accounts receivable is five times larger than inventory in Year 2.
C) Accounts receivable is 13.3% of total assets in Year 2.
D) The accounts receivable turnover ratio is 7.76 in Year 2.