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Selected data from the financial statements of Crossette Garden Centre is provided below. 2017 2016 Accounts receivable $70 000 $46 000 Inventory 10 000 17

Selected data from the financial statements of Crossette Garden Centre is provided below.

2017

2016

Accounts receivable

$70 000

$46 000

Inventory

10 000

17 000

Total assets

470 000

360 000

Net sales

350 000

270 000

Cost of goods sold

170 000

220 000

Which of the following would result from an analysis of the company's statement of comprehensive income?

Net Sales increased $80 000 or 33.63% during 2017

Gross profit is 57.90% of net sales for 2017

Accounts receivable is 14.89% of total assets for 2017

Cost of goods sold is 44.75% of net sales for 2017

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