Question: Required: Compute the annual dollar changes and percent changes for each of the following items. Round percent change to 1 decimal place. Current Year

Required: Compute the annual dollar changes and percent changes for each of

Required: Compute the annual dollar changes and percent changes for each of the following items. Round percent change to 1 decimal place. Current Year Prior Year Dollar Change Percent Change Cash $7,440 $8,000 ($560) -7.0% Accounts receivable 54,000 18,000 36,000 200.0% Equipment, net 44,000 40,000 4,000 10.0% Land Total assets 91,680 66,000 25,680 39.0% $197,120 $132,000 $65,120 49.0% Formula must include the ROUND function, and round to 1 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!