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Problem 1: The firm had Sales of $50,000 last year and $80,000 this year. Accounts Receivables were $2,500 last year and are $4,500 this year. What can you tell me about the firm?
Option 1: Sales are up 60% which is good and accounts receivable are down 80% which is good
Option 2: Sales are up 37.5% which is good and accounts receivable are up 44.4% which is bad
Option 3: Sales are up 60% which is good and accounts receivable are up 80% which is good
Option 4: Sales are up 60% which is good and accounts receivable are up 80% which is bad
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