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%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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