Sunshine Farm Supply Following Are Selected Data from the Financial

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 2012.
B) Accounts receivable is five times larger than Merchandise inventory in 2012.
C) Accounts receivable is 13.3% of total assets for 2012.
D) Merchandise inventory is 2.7% of total assets for 2012.

Correct Answer:

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