Selected information taken from the financial statements of Wiley Company for two successive years follows. Compute the
Question:
Selected information taken from the financial statements of Wiley Company for two successive years follows. Compute the percentage change from year 1 to year 2 whenever possible. Round all calculations to the nearest whole percentage.
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a. Accounts receivable... b. Marketable securities.. c. Retained earnings.... d. Notes receivable... e. Notes payable... f. Cash.... g. Sales.. Year 2 Year 1 $126,000 $160,000 -0- 250,000 80,000 (80,000) 120,000 -0- 890,000 800,000 84,000 80,000 970,000 910,000
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a Accounts receivable decreased 21 34000 decrease 160000 21 ...View the full answer
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Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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