Using 2006 as the base year, construct a common-base year balance sheet for 2007 for AHS. According to this statement, which of the following items have grown the most compared to their 2006 values?

a. Accounts payable

b. Accounts receivable

c. Cash

d. Notes payable

AHS INC. 2007 Income Statement (S in millions) Net sales S 9625 Cost of goods sold 5225 Depreciation 1890 Earnings before interest and taxes $ 2510 Interest paid 850 Taxable income S 1660 Taxes (35%) Net income 581 S 1079 Dividends $ 679 Addition to retained earnings 400 Figure 4-7 AHS income statement. AHS INC. Balance Sheets as of December 31,2006 and 2007 ($in millions) 2006 2007 2006 2007 Assets Liabilities and owners' equity Current assets Current liabilities Cash $ Accounts receivable 1455 S 2460 260 Accounts payable $ 1150 S 2863 3975 Notes payable 2600 1628 Inventory 1405 885 Total S 3750 S 4491 Total $ 5320 $ 5120 Fixed assets Long-term debt 7000 7600 Net fixed assets $ 19.300 S 21.720 Owners' equity Total assets $ 24,620 S 26,840 Figure 4-8 AHS balance sheets. Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity 5500 5700 8370 9049 $ 13.870 S 14.749 $ 24.620 S 26,840