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Selected data from the financial statements of Bloom's Garden Centre is provided below, 2018 2017 Accounts receivable $22 000 $41 000 Inventory 50 000 17

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Selected data from the financial statements of Bloom's Garden Centre is provided below, 2018 2017 Accounts receivable $22 000 $41 000 Inventory 50 000 17 000 Total assets 420 000 360 000 Net sales 380 000 270 000 Cost of goods sold 170 000 220 000 Which of the following would result from a horizontal analysis of Bloom's statement of financial position? Accounts receivable decreased 52.14% during 2017 O Net sales increased 40,74% in 2018 Accounts receivable decreased 46,34% during 2018 The accounts receivable turnover ratio is 0.76 in 2018

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