Renad Company included the following information in its annual report: 2020 2019 2018 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 10,500 Using horizontal analysis on income statement over the period of 2018 to 2020, what is the change in sales? O A. 14.7% OB. 12.8% OC. 87.2% OD. 100% Selected Data for Amal Company and Rana Corporation Amal Net Sales $4,076 Cost of Goods Sold 1,686 Net Income 268 Inventory 2019 300 inventory 2020 306 Average Account Receivable 2,598 Average Account Payable 238 Rana $278 97 150 20 24 120 16 The conclusion that can be derived based on working capital ratio for both company include A. Both companies have low levels of A/R turnover indicating the company is unsuccessful in its efforts to collect cash B. Amal Company need to borrow on short term debt faster than Rana Company. C. No conclusion can be derived. D. Rana company high inventory turnover indicates successful efforts to sell inventory compare to Amal Company. The cash account shows a balance of 545,000 before reconciliation. The bank statement does not include a deposit of $2,300 made on the last day of the month. The bank statement shows a collection by the bank of $940 and a customer's check for $320 was returned because it was NK A Customer's check for $450 was recorded on the books as 5540, and a check written for 379 was recorded as $97. The correct balance in the cash account was A 545,728 3.545,548 OC 545,512 D.547,848 Question 11 Renad Company included the following information in its annual report: 2020 2019 2018 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 10,500 Which of the following statements is true based on the common size and horizontal analysis? O A. Renad Company's net income decrease due to operating expense- B. Renad Company is not efficient in managing its sales OC. Renad Company is efficient in managing its operating expenses D. Not enough information to draw conclusion Renad Company included the following information in its annual report 2020 2019 2018 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 10,500 In a common size income statement for 2020, the operating expenses are expressed as O A.43.8% O B. 30.3% OC. 100% O D. 28.0% la this resense