Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minu sign. Round your percentage answers to one decimal place.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 10P
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Required information
[The following information applies to the questions displayed below.]
Cash
Accounts receivable
Equipment, net
Land
Total assets
Percent change =
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.)
Cash
Accounts receivable
Equipment, net
Land
Total assets
$
Current Year Prior Year
$ 10,400
60,500
57,000
98,000
$ 225,900
$
$ 13,400
25,800
50,400
72,500
$ 162, 100
Horizontal Analysis - Calculation of Percent Change
1
Numerator:
Current Year
1
Prior Year
$
10,400
13,400
60,500
25,800
57,000
50,400
98,000
72,500
225,900 $ 162,100
Denominator:
Dollar Change
Percent Change
%
%
%
%
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] Cash Accounts receivable Equipment, net Land Total assets Percent change = 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.) Cash Accounts receivable Equipment, net Land Total assets $ Current Year Prior Year $ 10,400 60,500 57,000 98,000 $ 225,900 $ $ 13,400 25,800 50,400 72,500 $ 162, 100 Horizontal Analysis - Calculation of Percent Change 1 Numerator: Current Year 1 Prior Year $ 10,400 13,400 60,500 25,800 57,000 50,400 98,000 72,500 225,900 $ 162,100 Denominator: Dollar Change Percent Change % % % %
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