Question: Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus sign.) Cash Accounts receivable

Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus sign.) Cash Accounts receivable Equipment, net Land Current Year $ 7,580 55,050 45,400 92,520 $200,550 Prior Year $ 8,280 18,700 41,050 66,350 $134,380 Total assets Horizontal Analysis - Calculation of Percent Change Choose Numerator: 1 Choose Denominator: Percent change = Current year minus base year Base year amount Dollar Change Current Year Prior Year Percent Change Cash $ 7,580 $ 8,280 % Accounts receivable 55,050 18,700 % Equipment, net 45,400 % 41,050 66,350 Land 92,520 % Total assets $ 200,550 $ 134,380 %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
