Cash and accounts receivable for Adams Company are provided below: Prior Year $33,800 31,100 Current Year Cash $43,602 Accounts receivable (net) 17,105 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash Accounts Receivable % %
Cash and accounts receivable for Adams Company are provided below: Prior Year $33,800 31,100 Current Year Cash $43,602 Accounts receivable (net) 17,105 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash Accounts Receivable % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:### Cash and Accounts Receivable for Adams Company
Below is the financial data for Adams Company showing the values of cash and accounts receivable for the current and prior years.
#### Current Year vs. Prior Year
| Account | Current Year | Prior Year |
|---------------------------|--------------|------------|
| Cash | $43,602 | $33,800 |
| Accounts Receivable (Net) | $17,105 | $31,100 |
#### Analysis
Based on this information, calculate the amount and percentage of increase or decrease using horizontal analysis. Enter decreases using a minus sign before the amount and the percentage.
##### Changes
| Account | Dollar Change | Percent Change |
|----------------------|---------------|----------------|
| Cash | | |
| Accounts Receivable | | |
*Please fill in the dollar change and percentage change after performing the necessary calculations.*
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