Selected Data from the Financial Statements Are Provided Below

question 91

Multiple Choice

Selected data from the financial statements are provided below:

-Refer to Rags to Riches. Which of the following would be found through ratio analysis of the company's financial statements?

• A)The accounts receivable turnover ratio is 7.76 in 2020.
• B)Cost of goods sold increased $50,000 or 23.8% in 2020.
• C)Accounts receivable increased $22,000 during 2020.
• D)Total assets decreased 18.4% during 2020.

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