Which balance sheet line item has the highest percentage increase from the prior year to the current year? $\begin{array}{lrr}
&\text { Current Year } & \text { Prior Year }\
\text { Cash } & \$ 54,00 C & \$ 36,000 \
\text { Accounts Receivable } & 18,00 \mathrm{C} & 72,000 \
\text { Inventory } & 108,00 \mathrm{C} & 54,000 \
\text { Prepaid Insurance } & 18,00 C & 27,000
\end{array}$
A)Inventory
B)Cash
C)Accounts receivable
D)Prepaid insurance

Question

Quizplus · Accepted Answer

Inventory increased from $54,000 to $108,000, which is a 100% increase, the highest among the listed items.

Which Balance Sheet Line Item Has the Highest Percentage Increase