FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![Required information
Use the following information for the Quick Studies below. (Algo)
[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
$ 12,200
63,000
62,000
100,500
$ 237,700
$
Prior Year
$ 15,400
28,700
54,400
75,000
$ 173,500
Horizontal Analysis - Calculation of Percent Change
Numerator:
Current Year
Prior Year
12,200 $
15,400
63,000
28,700
62,000
54,400
100,500
75,000
237,700 $ 173,500
Denominator:
Dollar Change
Percent Change
%
%
%
%
%](https://content.bartleby.com/qna-images/question/d796ae82-b7a1-4aac-bdc2-618bcc17e432/5226a667-b376-433b-a730-49d2d59d74ed/l73ula9_processed.png)
Transcribed Image Text:Required information
Use the following information for the Quick Studies below. (Algo)
[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
$ 12,200
63,000
62,000
100,500
$ 237,700
$
Prior Year
$ 15,400
28,700
54,400
75,000
$ 173,500
Horizontal Analysis - Calculation of Percent Change
Numerator:
Current Year
Prior Year
12,200 $
15,400
63,000
28,700
62,000
54,400
100,500
75,000
237,700 $ 173,500
Denominator:
Dollar Change
Percent Change
%
%
%
%
%
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