Required information Use the following information for the Quick Studies below. (Static) [The following information applies to the questions displayed below.) Cash Accounts receivable Equipment, net Land Total assets Current Year $ 7,440 54,000 44,000 91,680 $ 197, 120 Prior Year $ 8,000 18,000 40,000 66,000 $ 132,000 QS 17-5 (Static) Horizontal analysis LO P1 Compute the annual doltar 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 Analyele-Caloutation of Percent Change Numerator: Denominator: Percent change Current Year Dollar Change Percent Change Cash $ Accounts receivable Prior Year 7.440 $ 8,000 54,000 18,000 44,000 40,000 91,680 66,000 197.120 $ 132,000 % Equipment, net Land Total assets % $ % Required information Use the following information for the Quick Studies below. (Static) [The following information applies to the questions displayed below.] Cash Accounts receivable Equipment, net Land Current Year $ 7,440 54,000 44,000 91,680 $ 197,120 Prior Year $ 8,000 18,000 40,000 66,000 $ 132,000 Total assets QS 17-6 (Static) Vertical analysis LO P2 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 %