Atlantic Corporation reported the following financial statements: B (Click the icon to view the financial statements.) Horizontal analysis of Atlantic's balance sheet for 2017 would report O A. inventory turnover of 5 times. OB. a 20% increase in Cash and Cash Equivalents. C. Cash as 9.31% of total assets. OD. a current ratio of 1.03. Peace Corporation reported the following financial statements: E: (Click the icon to view the financial statements.) Vertical analysis of Peace's balance sheet for 2017 would report O A. a 17% increase in Cash. B. a current ratio of 1.00. O c. inventory turnover of 8 times. D. Cash as 9.58% of total assets. Data Table Peace Corporation Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets: Cash and Cash Equivalents $ 2,367 $ 2,017 Accounts Receivable 1,958 1,716 Merchandise Inventory 1,348 1,619 1,097 2,037 Prepaid Expenses Total Current Assets 7,292 17,417 6,867 14,637 Other Assets $ 24,709 $ 21,504 Total Assets $ 24,709 $ 21,504 Total Assets Liabilities Current Liabilities $ 7,309 $ 4,696 8,420 2,699 Long-term Liabilities Total Liabilities 12,005 11,119 Stockholders' Equity Common Stock, no par 6,304 6,400 4,685 5,700 Retained Earnings Total Stockholders' Equity 12,704 10,385 Total Liabilities and Stockholders' Equity $ 24,709 $ 21,504 Peace Corporation Income Statement Year Ended December 31, 2017 Net Sales $ 31,229 9,784 Cost of Goods Sold Gross Profit 21,445 7,188 Operating Expenses Operating Income 14,257 161 Interest Expense Income Before Income Taxes 14,096 2,188 Income Tax Expense $ 11,908 Net Income