Assume the following sales data for a company: Year 2 Year 1 684,000 600,000 What is the percentage increase in sales from Year 1 to Year 2 (to the nearest percent)? . 114% Ob. 12% . 14% 0 d. 88% Based on the following data for the current year, what is the accounts receivable turnover? Sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year O a. 12.5 $500,000 400,000 45,000 35,000 90,000 10,000 . 14.3 Od. 10.0 sing the following information, determine the amount of cost of goods sold. Sales are $265,000, and the gross profit rate is 10%. O a$238,500 O b, $265 O c. $26,500 O d. $10,000 The balance sheets at the end of each of the first two years of operations indicate the following: Year 2 Year 1 $600,000$580,000 80,00040,000 35,000755,000 175,000155,000 350,000 250,000 100,000100,000 600,000 600,000 60,000 60,000 330,000 210,000 Total current assets Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par $10 par Paid-in capital in excess of par-common stock If net income is $145,000 and interest expense is $30,000 for Year 2, what is the return on total assets for Year 27 (Round percentage to one decimal a. 10.8% Ob. 19.3% 29.7%