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. Current Year Prior Year Short-term investments Accounts receivable Notes payable Percent Change $ 375,911 99,129 0 $ 235,231 102,691 89,640 Horizontal Analysis - Calculation of Percent Change Numerator: Denominator: Current Year Prior Year Dollar Change Short-term investments $ 375,911 $ 235,231 Accounts receivable 99,129 102,691 Notes payable 0 89,640 Percent Change % % %
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. Current Year Prior Year Short-term investments Accounts receivable Notes payable Percent Change $ 375,911 99,129 0 $ 235,231 102,691 89,640 Horizontal Analysis - Calculation of Percent Change Numerator: Denominator: Current Year Prior Year Dollar Change Short-term investments $ 375,911 $ 235,231 Accounts receivable 99,129 102,691 Notes payable 0 89,640 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
Section: Chapter Questions
Problem 2SEA
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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.
Current Year
Prior Year
Short-term investments
Accounts receivable
Notes payable
Percent Change
$ 375,911
99,129
0
$ 235,231
102,691
89,640
Horizontal Analysis - Calculation of Percent Change
Numerator:
Denominator:
Current Year
Prior Year
Dollar Change
Short-term investments
$
375,911
$
235,231
Accounts receivable
99,129
102,691
Notes payable
0
89,640
Percent Change
%
%
%
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