QUESTION 4 Selected data from the financial statements of Bloom's Garden Centre is provided below. 2017 $46 000 Accounts receivable Inventory 2018 $70 000 10 000 470 000 17 000 Total assets Net sales 405 000 360 000 263 000 220 000 Cost of goods sold 170 000 Which of the following would result from a horizontal analysis of Bloom's statement of comprehensive income? O Accounts receivable is 14.89% of total assets in 2018 O Net sales increased $142 000 during 2018, or 52.74% of the 2017 amount O Cost of goods sold decreased $50 000 during 2018, or 22.72% of the 2017 amount O The accounts receivable turnover ratio is 7.76 in 2018