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.) Prior Year Current Year $379,978 102,001 $238,900 105,802 93,770 Short-term investments Accounts receivable Notes payable Horizontal Analysis - Calculation of Percent Change Choose Numerator: Choose Denominator: Percent Change = Current Year Prior Year Dollar Change Percent Change Short-term investments 24 379,978 $ 238,900 Accounts receivable 102,001 105,802 93,770 Notes payable
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.) Prior Year Current Year $379,978 102,001 $238,900 105,802 93,770 Short-term investments Accounts receivable Notes payable Horizontal Analysis - Calculation of Percent Change Choose Numerator: Choose Denominator: Percent Change = Current Year Prior Year Dollar Change Percent Change Short-term investments 24 379,978 $ 238,900 Accounts receivable 102,001 105,802 93,770 Notes payable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Compute the and percent changes for each of following accounts.
Transcribed Image Text:Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated witha
minus sign. Round percent change to one decimal place.)
Current Year
$379,978
102,001
Prior Year
Short-term investments
Accounts receivable
Notes payable
$238,900
105,802
93,770
Horizontal Analysis- Calculation of Percent Change
Choose Numerator:
Choose Denominator:
Percent Change
Current Year
Prior Year
Dollar Change
Percent Change
Short-term investments
24
379,978 $
238,900
102,001
105,802
Accounts recelvable
0.
93,770
Notes payable
%24
Expert Solution
Step
Dollar Change = Current Year - Prior Year
Percent Change = Dollar Change/Prior Year
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