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2019 2018 Accounts receivable $60,000 $38,000 Merchandise inventory 12,000 16,000 450,000 380,000 Total assets Net sales 380,000 270,000 Cost goods sold 160.000 210,000 Required: 1.
2019 2018 Accounts receivable $60,000 $38,000 Merchandise inventory 12,000 16,000 450,000 380,000 Total assets Net sales 380,000 270,000 Cost goods sold 160.000 210,000 Required: 1. Calculate by how much accounts receivable, merchandise inventory, total assets, net sales, and cost of goods sold increased or decreased in dollar terms from 2018 too 2019. Accounts receivable Merchandise inventory Total assets Net sales Cost of goods sold 2. Indicate what happened from 2018 to 2019 to accounts receivable and merchandise inventory as a percentage of total assets (rounded to the nearest whole percent). % in 2018 to from Accounts receivable %in 2019. % in 2018 to Merchandise inventory %in 2019. from Indicate what happened from 2018 to 2019 to cost goods sold as a percentage of net sales (rounded to the nearest whole percent). % in 2018 to % in 2019. Cost goods sold from
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