Sunshine Farm Supply Following Are Selected Data from the Financial

question 169

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 not result from a vertical analysis of its balance sheet?

• A)Accounts receivable increased $22,000 or 36.7% 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.

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Definitions:

Workforce Entry

The act or process of starting to participate in the labor market by seeking, obtaining, and beginning a new job or career.

Higher Education

Education provided by universities and colleges, usually following the completion of secondary education, leading to degrees and other qualifications.

Gestational Surrogacy

Occurs when the sperm and the egg from the couple seeking surrogacy is fertilized through in vitro fertilization and implanted into the surrogate, making the child biologically related to both parents but not the surrogate.

Traditional Surrogacy

Occurs when the surrogate’s egg is fertilized by the father’s sperm, making the child biologically related to the father and the surrogate.