Cash Accounts receivable Equipment, net Land Total assets Percent change = QS 13-5 (Algo) Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following items. Note: Decreases should be entered with a minus sign. Round your percentage answers to one decimal place. Cash Accounts receivable Equipment, net Land Total assets S Current Year $ 11,500 61,500 59,000 99,000 $ 231,000 S Prior Year $ 14,200 27,088 52,000 73,500 $ 166,700 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year Prior Year 11,500 $ 61,500 59,000 14,200 27,000 52,000 99,000 73,500 231,000 $ 168,700 Denominator: Dollar Change Percent Change % % % % %
Cash Accounts receivable Equipment, net Land Total assets Percent change = QS 13-5 (Algo) Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following items. Note: Decreases should be entered with a minus sign. Round your percentage answers to one decimal place. Cash Accounts receivable Equipment, net Land Total assets S Current Year $ 11,500 61,500 59,000 99,000 $ 231,000 S Prior Year $ 14,200 27,088 52,000 73,500 $ 166,700 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year Prior Year 11,500 $ 61,500 59,000 14,200 27,000 52,000 99,000 73,500 231,000 $ 168,700 Denominator: Dollar Change Percent Change % % % % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Cash
Accounts receivable
Equipment, net
Land
Total assets
Percent change =
QS 13-5 (Algo) Horizontal analysis LO P1
Compute the annual dollar changes and percent changes for each of the following items.
Note: Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.
Cash
Accounts receivable
Equipment, net
Land
Total assets
S
Current Year
$ 11,500
61,500
59,000
99,000
$ 231,000
S
Prior Year
$ 14,200
27,088
52,000
73,500
$ 166,700
Horizontal Analysis - Calculation of Percent Change
Numerator:
Current Year
Prior Year
11,500 $
61,500
59,000
14,200
27,000
52,000
99,000
73,500
231,000 $ 168,700
Denominator:
Dollar Change
Percent Change
%
%
%
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feef3b56f-3145-4196-94f4-d427931b15e9%2F238bfdf1-d8de-42b3-af80-bcf143eda41c%2F3b1gk5_processed.png&w=3840&q=75)
Transcribed Image Text:Cash
Accounts receivable
Equipment, net
Land
Total assets
Percent change =
QS 13-5 (Algo) Horizontal analysis LO P1
Compute the annual dollar changes and percent changes for each of the following items.
Note: Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.
Cash
Accounts receivable
Equipment, net
Land
Total assets
S
Current Year
$ 11,500
61,500
59,000
99,000
$ 231,000
S
Prior Year
$ 14,200
27,088
52,000
73,500
$ 166,700
Horizontal Analysis - Calculation of Percent Change
Numerator:
Current Year
Prior Year
11,500 $
61,500
59,000
14,200
27,000
52,000
99,000
73,500
231,000 $ 168,700
Denominator:
Dollar Change
Percent Change
%
%
%
%
%
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education