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
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