Selected Data from the Financial Statements Are Provided Below

Multiple Choice

Selected data from the financial statements are provided below:

-Refer to 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 2020.
B) Accounts receivable is five times larger than inventory in 2020.
C) Accounts receivable is 13.3% of total assets in 2020.
D) The accounts receivable turnover ratio is 7.76 in 2020.