Compute the annual dollar changes and percent changes for each of the following items. Note: Decreases should be entered with a minus sign. Cash Accounts receivable Equipment, net Land Total assets Percent change Cash Accounts receivable Equipment, net Land Total assets $ Current Year $ 7,720 56,100 46,800 93,360 $ 203,980 Choose Numerator: $ Horizontal Analysis Calculation of Percent Change Prior Year $ 8,560 19,400 42,100. 66,700 $ 136,760 Current Year Prior Year 7,720 $ 8,560 19,400 42,100 93,360 66,700 203,980 $ 136,760) 56,100 46,800 Choose Denominator: Dollar Change Percent Change % % % 1%
Compute the annual dollar changes and percent changes for each of the following items. Note: Decreases should be entered with a minus sign. Cash Accounts receivable Equipment, net Land Total assets Percent change Cash Accounts receivable Equipment, net Land Total assets $ Current Year $ 7,720 56,100 46,800 93,360 $ 203,980 Choose Numerator: $ Horizontal Analysis Calculation of Percent Change Prior Year $ 8,560 19,400 42,100. 66,700 $ 136,760 Current Year Prior Year 7,720 $ 8,560 19,400 42,100 93,360 66,700 203,980 $ 136,760) 56,100 46,800 Choose Denominator: Dollar Change Percent Change % % % 1%
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 11MCQ
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Question
![Compute the annual dollar changes and percent changes for each of the following items.
Note: Decreases should be entered with a minus sign.
Cash
Accounts receivable
Equipment, net
Land
Total assets
Percent change =
Cash
Accounts receivable
Equipment, net
Land
Total assets
$
Current Year
$ 7,720
$
56,100
46,800
93,360
$ 203,980
Choose Numerator:
Horizontal Analysis - Calculation of Percent Change
Prior Year
$ 8,560
19,400
42,100
66,700
$ 136,760
Current Year
Prior Year
7,720 $
8,560
19,400
56,100
46,800
42,100
93,360
66,700
203,980 $ 136,760
Choose Denominator:
Dollar Change
Percent Change
%
%
%
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F727523a4-0174-4826-9486-762f5fc72b33%2Fcb3640c1-fdfd-4dbe-8b1a-390b6f3a4eb4%2Fewcywvd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Compute the annual dollar changes and percent changes for each of the following items.
Note: Decreases should be entered with a minus sign.
Cash
Accounts receivable
Equipment, net
Land
Total assets
Percent change =
Cash
Accounts receivable
Equipment, net
Land
Total assets
$
Current Year
$ 7,720
$
56,100
46,800
93,360
$ 203,980
Choose Numerator:
Horizontal Analysis - Calculation of Percent Change
Prior Year
$ 8,560
19,400
42,100
66,700
$ 136,760
Current Year
Prior Year
7,720 $
8,560
19,400
56,100
46,800
42,100
93,360
66,700
203,980 $ 136,760
Choose Denominator:
Dollar Change
Percent Change
%
%
%
%
%
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