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 $ 380,168 102,276 Prior Year $ 239,377 105,903 93,973 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year 380,168 $ 102,276 0 Prior Year 239,377 105,903 93,973 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 $ 380,168 102,276 Prior Year $ 239,377 105,903 93,973 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year 380,168 $ 102,276 0 Prior Year 239,377 105,903 93,973 Denominator: Dollar Change Percent Change %

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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