Comparative information taken from the Koda Company financial statements is shown below: 2012 ...........................2011 (a) Notes Receivable...................$10,000...........................0
Question:
Comparative information taken from the Koda Company financial statements is shown below:
2012 ...........................2011
(a) Notes Receivable...................$10,000...........................0
(b) Accounts Receivable..............175,000 .....................140,000
(c) Retained Earnings .....................30,000.....................(40,000)
(d) Sales...........................................840,000 ....................750,000
(e) Operating Expenses..................160,000...................200,000
(f)..................................................... 28,000........................20,000
Required:
Using horizontal analysis, show the percentage change from 2011 to 2012 with 2011 as the base year. If an item is impossible to compute, enter a "0" in the percentage box and select "Not possible to compute" in the narrative box.
Select: Increase, Decrease, or Not possible to compute
a. % | Select Increase, Decrease, Not possible to compute Item 2 |
b. % | Select Increase, Decrease, Not possible to compute Item 4 |
c. % | Select Increase, Decrease, Not possible to compute Item 6 |
d. % | Select Increase, Decrease, Not possible to compute Item 8 |
e. % | Select Increase, Decrease, Not possible to compute Item 10 |
f. % | Select Increase, Decrease, Not possible to compute |
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones