QS 13-4 (Algo) Horizontal analysis LO P1 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. Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable S Current Year $ 378,398 100,704 0 Prior Year $ 237,313 104,650 91,913 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year 378,398 $ 100,704 0 Prior Year 237,313 104,650 91,913 Denominator: Dollar Change Percent Change %6 % %

QS 13-4 (Algo) Horizontal analysis LO P1 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. Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable S Current Year $ 378,398 100,704 0 Prior Year $ 237,313 104,650 91,913 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year 378,398 $ 100,704 0 Prior Year 237,313 104,650 91,913 Denominator: Dollar Change Percent Change %6 % %

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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