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NovaTech Inc. had an accounts receivable balance of $150,000 at the beginning of the year and $180,000 at the end of the year. What is the percentage change in accounts receivable at year-end? a) 15% decrease b) 20% increase c) 25% increase d) 30% increase

NovaTech Inc. had an accounts receivable balance of $150,000 at the beginning of the year and $180,000 at the end of the year. What is the percentage change in accounts receivable at year-end? a) 15% decrease b) 20% increase c) 25% increase d) 30% increase

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 8CDQ
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NovaTech Inc. had an accounts receivable balance of $150,000 at the beginning of the year and $180,000 at the end of the year. What is the percentage change in accounts receivable at year-end? a) 15% decrease b) 20% increase c) 25% increase d) 30% increase
Transcribed Image Text:NovaTech Inc. had an accounts receivable balance of $150,000 at the beginning of the year and $180,000 at the end of the year. What is the percentage change in accounts receivable at year-end? a) 15% decrease b) 20% increase c) 25% increase d) 30% increase
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