CashAccounts receivableEquipment, netLandTotal assetsCurrent Year$7,44054,00044,00091,680$197,120Prior Year$8,00018,00040,00066,000$132,000Required:Compute the annual dollar changes and percent changes for each of the following items.(Use cells A2 to C7 from the given information to complete this question. Decreases should be entered with a minus sign. Roundyour percentage answers to one decimal place.) (Use cells A2 to C7 from the given information to complete this question. Decreases should be entered with a minus sign. Roundyour percentage answers to one decimal place.)Percent change:Horizontal Analysis - Calculation of Percent ChangeNumerator:CashAccounts receivableEquipment, netLandTotal assetsCurrent Year$7,44054,00044,00091,680$197,120/Prior Year$8,00018,00040,00066,000$132,000Denominator:Dollar ChangePercent Change

ash Ccounts receivable quipment, net and tal assets Current Year $7,440 54,000 44,000 91,680 $197,120 Prior Year $8,000 18,000 40,000 66,000 $132,000 equired: ompute the annual dollar changes and percent changes for each of the following items.

ash Ccounts receivable quipment, net and tal assets Current Year $7,440 54,000 44,000 91,680 $197,120 Prior Year $8,000 18,000 40,000 66,000 $132,000 equired: ompute the annual dollar changes and percent changes for each of the following items.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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