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 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
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
$ 380,168
102,276
0
Prior Year
$ 239,377
105,903
93,973
Horizontal Analysis - Calculation of Percent Change
Numerator:
Current Year
380,168 $
102,276
1
Prior Year
239,377
105,903
93,973
Denominator:
Dollar Change
Percent Change
%
%
%
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