Calculate the percent increase or decrease for each of the following financial statement items: Make sure you
Fantastic news! We've Found the answer you've been seeking!
Question:
Calculate the percent increase or decrease for each of the following financial statement items: Make sure you indicate whether the percentage change is an increase or decrease. (Hint: You may want to calculate the dollar change for each item below first as you will need this to calculate the percentage change).
Year 2 Year 1
Cash $38,500 $30,000
Accounts receivable 60,000 52,500
Inventory 67,500 80,000
Accounts payable 35,100 27,000
Sales 185,500 150,000
Equipment 155,000 125,000
Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date: