Percent change Horizontal Analysis-Calculation of Percent Change Numerator: Cash Accounts receivable Equipment, net Land Current Year $7,440 $4,000 44,000 91,680 $197.120 $4,000 18,000 40,000 64,000 $132.000 Denominator: Dollar Change Change

Percent change Horizontal Analysis-Calculation of Percent Change Numerator: Cash Accounts receivable Equipment, net Land Current Year $7,440 $4,000 44,000 91,680 $197.120 $4,000 18,000 40,000 64,000 $132.000 Denominator: Dollar Change Change

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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Question

Percent change
Horizontal Analysis Calculation of Percent Change
Numerator:
Cash
Accounts receivable
Equipment, net
Land
Current Year
$7,440
54,000
44,000
91,680
$197,120
Prior Year
$8,000
18,000
40,000
66,000
$132,000
Denominator:
Dollar Change
Change

Cash
Accounts receivable
Equipment, net
Land
Total assets
Current Year
$7,440
$4,000
44,000
91,680
$197.120
Percent change
Prior Year
Required:
Compute the annual dollar changes and percent changes for each of the following items
$8,000
18,000
40,000
66,000
$132.000
(Use cells A2 to C7 from the given information to complete this question. Decreases should be entered with a
minus sign. Round your percentage answers to one decimal place.)
Cash
Accounts receivable
Equipment, net
Horizontal Analysis Calculation of Percent Change
Numerator:
Current Year
$7,440
54,000
44,000
Prior Year
$8,000
18,000
40,000
Denominator:
Dollar Change
Change

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