The balance sheet of Lawn Products, Inc. showed accounts receivable of $84,750 in 2004 and $134,750 in 2005. Compute the percentage of increase in accounts receivable. (Round answer to one decimal place.)

Accounts Receivable

Amounts owed to a business for services performed or goods delivered.

Percentage Increase

A measure of how much a certain quantity grows over a specific period, expressed as a percentage of the original amount.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.