Compute the annual dollar changes and percent changes for each of the following accounts. lote: Decreases should be indicated with a minus sign. Round percent change to one decimal place. Short-term investments Accounts receivable Notes payable Current Year $ 379,115 101,380 +0 Prior Year $ 238,413 105,474 93,207 Horizontal Analysis - Calculation of Percent Change Numerator: Denominator:
Compute the annual dollar changes and percent changes for each of the following accounts. lote: Decreases should be indicated with a minus sign. Round percent change to one decimal place. Short-term investments Accounts receivable Notes payable Current Year $ 379,115 101,380 +0 Prior Year $ 238,413 105,474 93,207 Horizontal Analysis - Calculation of Percent Change Numerator: Denominator:
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Compute the annual dollar changes and percent changes for each of the following accounts.
Note: 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
$379,115
101,380
0
Prior Year
$ 238,413
105,474
93,207
Horizontal Analysis - Calculation of Percent Change
Numerator:
Current Year
379,115 $
101,380
0
1
Prior Year
238,413
105,474
93,207
Denominator:
Dollar Change
Percent Change
%
%
%
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