Question: Current Year Prior Year Cash $ 1 0 , 4 0 0 $ 1 3 , 4 0 0 Accounts receivable 6 0 , 5

Current Year Prior Year
Cash $ 10,400 $ 13,400
Accounts receivable 60,50025,800
Equipment, net 57,00050,400
Land 98,00072,500
Total assets $ 225,900 $ 162,100
QS 17-5(Algo) Horizontal analysis LO P1
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.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!