QUESTION $9$

Presented below is selected data from the financial statements of Horizons, Inc. for the current and prior year:

$12/31/20$X$2$

$12/31/20$X$1$

Current assets

$$330,000$

$$220,000$

Total assets

$$2,300,000$

$$1,950,000$

Current liabilities

$$195,000$

$$180,000$

Total liabilities

$$1,190,000$

$$1,180,000$

Total stockholders' equity

$$1,110,000$

$$770,000$

Net sales

$$5,200,000$

$$3,900,000$

Cost of Goods Sold

$$3,800,000$

$$2,690,000$

Wages expense

$$953,000$

$$869,000$

Supplies expense

$$60,000$

$$50,000$

Depreciation expense

$$35,000$

$$32,000$

Interest expense

$$12,000$

$$9,000$

Net income

$$340,000$

$$250,000$

A horizontal analysis of the balance sheet would show $($select all that apply$)$:

A$.$

Total assets increased $17\mathrm{.}95\%$ from $20$X$1$ to $20$X$2.$

B$.$

The debt ratio for $20$X$2$ is $51\mathrm{.}74\%.$

C$.$

Net income increased $36\%$ from $20$X$1$ to $20$X$2.$

D$.$

Current assets increased $50\%$ from $20$X$1$ to $20$X$2$

E$.$

Total stockholders' equity increased $44\mathrm{.}16\%$ from $20$X$1$ to $20$X$2.$