Cash Accounts receivable Equipment, net Land Total assets Current Year Prior Year $ 7,440 $ 8,000...

 

Transcribed Image Text:

Cash Accounts receivable Equipment, net Land Total assets Current Year Prior Year $ 7,440 $ 8,000 54,000 18,000 44,000 91,680 40,000 66,000 $ 197,120 $ 132,000 Compute the annual dollar changes and percent changes for each of the following items. Note: Decreases should be entered with a minus sign. Round your percentage answers to one decimal place. Horizontal Analysis - Calculation of Percent Change Numerator: Denominator: Percent change= 1 Current Year Prior Year Dollar Change Cash $ 7,440 $ 8,000 Accounts receivable 54,000 18,000 Equipment, net 44,000 40,000 Land Total assets 91,680 66,000 $ 197,120 $ 132,000 Percent Change % % % % % Cash Accounts receivable Equipment, net Land Total assets Current Year Prior Year $ 7,440 $ 8,000 54,000 18,000 44,000 91,680 40,000 66,000 $ 197,120 $ 132,000 Compute the annual dollar changes and percent changes for each of the following items. Note: Decreases should be entered with a minus sign. Round your percentage answers to one decimal place. Horizontal Analysis - Calculation of Percent Change Numerator: Denominator: Percent change= 1 Current Year Prior Year Dollar Change Cash $ 7,440 $ 8,000 Accounts receivable 54,000 18,000 Equipment, net 44,000 40,000 Land Total assets 91,680 66,000 $ 197,120 $ 132,000 Percent Change % % % % %

Answer rating: 100% (QA)

To calculate the annual dollar changes and percent changes for each item well use the following form... View the full answer