Required information [The following information applies to the questions displayed below] Current Year Prior Year Cash...

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Required information [The following information applies to the questions displayed below] Current Year Prior Year Cash $ 7,440 $ 8,000 18,000 40,000 66,000 Accounts receivable 54,000 44 ,000 91,680 Equipment, net Land Total assets $ 197,120 $ 132,000 Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.) Horizontal Analysis - Calculation of Percent Change Numerator: Denominator: Percent change = Current Year Prior Year Dollar Change Percent Change Cash 24 7,440 8,000 % Accounts receivable 54,000 18,000 Equipment, net 44,000 40,000 Land 91,680 66,000 Total assets 24 197,120 132,000 % Required information [The following information applies to the questions displayed below.] Current Year Prior Year Cash $ 7,440 54,000 $8,000 18,000 40,000 66,000 $ 132,000 Accounts receivable Equipment, net 44,000 Land 91,680 Total assets $ 197,120 Express the items in common-size percents. (Round your percentage answers to one decimal place.) Current Year Prior Year Cash % Accounts receivable Equipment, net % Land Total assets 0.0 % 0.0 % Required information ($ thousands) Current Year Prior Year Net sales $ 801,810 392,887 $ 453,000 134,088 Cost of goods sold Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Trend Percent for Net Sales: Numerator: Denominator: %3D Trend percent Current Year: Prior Year: II Required information [The following information applies to the questions displayed below] Current Year Prior Year Cash $ 7,440 $ 8,000 18,000 40,000 66,000 Accounts receivable 54,000 44 ,000 91,680 Equipment, net Land Total assets $ 197,120 $ 132,000 Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.) Horizontal Analysis - Calculation of Percent Change Numerator: Denominator: Percent change = Current Year Prior Year Dollar Change Percent Change Cash 24 7,440 8,000 % Accounts receivable 54,000 18,000 Equipment, net 44,000 40,000 Land 91,680 66,000 Total assets 24 197,120 132,000 % Required information [The following information applies to the questions displayed below.] Current Year Prior Year Cash $ 7,440 54,000 $8,000 18,000 40,000 66,000 $ 132,000 Accounts receivable Equipment, net 44,000 Land 91,680 Total assets $ 197,120 Express the items in common-size percents. (Round your percentage answers to one decimal place.) Current Year Prior Year Cash % Accounts receivable Equipment, net % Land Total assets 0.0 % 0.0 % Required information ($ thousands) Current Year Prior Year Net sales $ 801,810 392,887 $ 453,000 134,088 Cost of goods sold Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Trend Percent for Net Sales: Numerator: Denominator: %3D Trend percent Current Year: Prior Year: II

Answer rating: 100% (QA)

Solution1 Horizontal Analysis Calculation of Percent Change Numerator Denominator Per... View the full answer