Venus Clothing Company specializes in selling apparel for special occasions. In 2018 and 2019, Venus' account balances

Question:

Venus Clothing Company specializes in selling apparel for special occasions. In 2018 and 2019, Venus' account balances were as follows:
___________________________________ 2019 ___________________ 2018
Accounts receivable ........................ $ 45,000 ........................ $ 32,000
Merchandise inventory ....................... 9,000 ............................. 11,000
Total assets .................................. 375,000 ........................... 340,000
Net sales ..................................... 330,000 .......................... 260,000
Cost of goods sold ......................... 145,000 .......................... 185,000
Required:
1. Calculate the change in each of the Venus' accounts from 2018 to 2019.
2. Indicate what happened from 2018 to 2019 to and merchandise inventory as a percentage of total assets. Indicate what happened from 2018 to 2019 to cost of goods sold as a percentage of net sales?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...