Bloom's Garden Center Company

question 79

Multiple Choice

Bloom's Garden Center Company
Selected data from the financial statements of Bloom's Garden Center are provided below.

-Refer to the selected data provided for Bloom's Garden Center. Which of the following would result from a horizontal analysis of Bloom's income statement?

• A) Net sales increased $100,000 during 2012, or 33.33% of the 2011 amount.
• B) Gross profit is 50% of net sales for 2012.
• C) Accounts receivable is 15.6% of total assets in 2012.
• D) The accounts receivable turnover ratio is 6.35 times in 2012.

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Definitions:

Research Methods

The strategies, techniques, and procedures used in the investigation of phenomena, acquisition of new knowledge, or correction and integration of previous knowledge.

Experimental

Pertaining to or based on a methodical plan or procedure to establish cause and effect by testing hypotheses and controlling variables.

Correlational

Pertaining to a statistical relationship between two or more variables, indicating how one may predict the other without implying causation.

Overt Behavior

Actions or responses that are observable and measurable by others, as opposed to thoughts or feelings which are internal and subjective.