Multiple Choice
Sunshine Farm Supply
Following are selected data from the financial statements of Sunshine Farm Supply: 
-Refer to the data for Sunshine Farm Supply.
Which of the following would result from a horizontal analysis of its balance sheet?
A) Accounts receivable increased $22,000 or 57.9% during 2016.
B) Accounts receivable is five times larger than Merchandise inventory in 2016.
C) Accounts receivable is 13.3% of total assets for 2016.
D) Merchandise inventory is 2.7% of total assets for 2016.
Correct Answer:
Verified
Correct Answer:
Verified
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