Rags to Riches Selected data from the financial statements are provided below: 2020 2019 $ 120,000 $ 76,000 Accounts Receivable 24,000 32,000 900,000 760,000 Inventory Total Assets 760,000 540,000 Net Sales 320,000 420,000 Cost of Goods Sold Refer to Rags to Riches. Which of the following would result from a horizontal analysis of the company's balance sheet? Accounts receivable increased $22,000 or 57.9% during 2020. b. The accounts receivable turnover ratio is 7,76 in 2020. oc Accounts receivable is five times larger than inventory in 2020. Od Accounts receivable is 13.3% of total assets in 2020