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Presented below is selected data from the financial statements of Horizons, Inc. for the current and prior year: 12/31/20X2 12/31/20X1 Current assets $330,000 $220,000 Total

Presented below is selected data from the financial statements of Horizons, Inc. for the current and prior year:

12/31/20X2 12/31/20X1
Current assets $330,000 $220,000
Total assets $2,300,000 $1,950,000
Current liabilities $195,000 $180,000
Total liabilities $1,190,000 $1,180,000
Total stockholders' equity $1,110,000 $770,000
Net sales $5,200,000 $3,900,000
Cost of Goods Sold $3,800,000 $2,690,000
Wages expense $953,000 $869,000
Supplies expense $60,000 $50,000
Depreciation expense $35,000 $32,000
Interest expense $12,000 $9,000
Net income $340,000 $250,000

A horizontal analysis of the balance sheet would show (select all that apply):

A. Net income increased 36% from 20X1 to 20X2.
B. The debt ratio for 20X2 is 51.74%.
C. Current assets increased 50% from 20X1 to 20X2
D. Total assets increased 17.95% from 20X1 to 20X2.
E. Total stockholders' equity increased 44.16 % from 20X1 to 20X2 .

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