(a) Notes receivable (b) Accounts receivable (c) Retained earnings (d) Sales (e) Operating expenses (f) Income taxes payable a. b. Using horizontal analysis, show the percentage change and direction (increase or decrease) from Year 1 to Year 2 with Year 1 as the base year. If an item is impossible to compute, enter a "0" in the percentage box and select "No possible to compute" in the narrative box. C. d. e. f. X % X% X % X % X % Year 2 $25,500 106,200 77,000 654,000 160,000 28,000 X % Decrease Increase Increase Increase Decrease Year 1 Increase $30,000 90,000 70,000 600,000 200,000 20,000 ✓ ✓ ✓ ✓
(a) Notes receivable (b) Accounts receivable (c) Retained earnings (d) Sales (e) Operating expenses (f) Income taxes payable a. b. Using horizontal analysis, show the percentage change and direction (increase or decrease) from Year 1 to Year 2 with Year 1 as the base year. If an item is impossible to compute, enter a "0" in the percentage box and select "No possible to compute" in the narrative box. C. d. e. f. X % X% X % X % X % Year 2 $25,500 106,200 77,000 654,000 160,000 28,000 X % Decrease Increase Increase Increase Decrease Year 1 Increase $30,000 90,000 70,000 600,000 200,000 20,000 ✓ ✓ ✓ ✓
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9BE
Related questions
Question
![(a) Notes receivable
(b) Accounts receivable
(c) Retained earnings
(d) Sales
(e) Operating expenses
(f) Income taxes payable
a.
b.
Using horizontal analysis, show the percentage change and direction (increase or decrease) from Year 1 to Year 2 with Year 1 as the base year. If an item is impossible to compute, enter a "0" in the percentage box and select "Not
possible to compute" in the narrative box.
C.
d.
e.
f.
X %
X %
X %
X %
X %
Year 2
X %
$25,500
$30,000
106,200
90,000
77,000
70,000
654,000 600,000
160,000
200,000
28,000
20,000
Decrease
Increase
Increase
Increase
Year 1
Decrease
Increase
✓
✓
✓
✓](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9c80cabc-8bb6-48a3-8f0b-da55afb4239b%2F1a10572b-a065-4b23-82f2-6b62802f2e90%2Fybbxk9i_processed.png&w=3840&q=75)
Transcribed Image Text:(a) Notes receivable
(b) Accounts receivable
(c) Retained earnings
(d) Sales
(e) Operating expenses
(f) Income taxes payable
a.
b.
Using horizontal analysis, show the percentage change and direction (increase or decrease) from Year 1 to Year 2 with Year 1 as the base year. If an item is impossible to compute, enter a "0" in the percentage box and select "Not
possible to compute" in the narrative box.
C.
d.
e.
f.
X %
X %
X %
X %
X %
Year 2
X %
$25,500
$30,000
106,200
90,000
77,000
70,000
654,000 600,000
160,000
200,000
28,000
20,000
Decrease
Increase
Increase
Increase
Year 1
Decrease
Increase
✓
✓
✓
✓
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