Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Percent Change Short-term investments Accounts receivable Notes payable $ Current Year Prior Year $ 375,525 98,582 0 $ 234,698 101,8811 88,945 Horizontal Analysis Calculation of Percent Change Numerator: Current Year 375,525 $ 98,582 0 Prior Year 234,698 101,881 88,945 Denominator: Dollar Change Percent Change % % %
Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Percent Change Short-term investments Accounts receivable Notes payable $ Current Year Prior Year $ 375,525 98,582 0 $ 234,698 101,8811 88,945 Horizontal Analysis Calculation of Percent Change Numerator: Current Year 375,525 $ 98,582 0 Prior Year 234,698 101,881 88,945 Denominator: Dollar Change Percent Change % % %
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
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![Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a
minus sign. Round percent change to one decimal place.)
Short-term investments
Accounts receivable
Notes payable
Percent Change
Short-term investments
Accounts receivable
Notes payable
$
Current Year
$ 375,525
98,582
0
Prior Year
$ 234,698
101,881
88,945
Horizontal Analysis Calculation of Percent Change
Numerator:
Current Year
375,525 $
98,582
0
Prior Year
234,698
101,881
88,945
Denominator:
Dollar Change
Percent Change](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c9bd05f-6074-441f-9db3-22fefc0ae245%2F0510e98a-cfbe-4c86-9917-177198f0df95%2Fq1k4s7g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a
minus sign. Round percent change to one decimal place.)
Short-term investments
Accounts receivable
Notes payable
Percent Change
Short-term investments
Accounts receivable
Notes payable
$
Current Year
$ 375,525
98,582
0
Prior Year
$ 234,698
101,881
88,945
Horizontal Analysis Calculation of Percent Change
Numerator:
Current Year
375,525 $
98,582
0
Prior Year
234,698
101,881
88,945
Denominator:
Dollar Change
Percent Change
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