Required informationUse the following information for the Quick Studies below. (Algo)[The following information applies to the questions displayed below.]Prior Year$ 12,60024,60048,80071,500Current Year$ 10,00059,50055,00097,000$ 221,500CashAccounts receivableEquipment, netLandTotal assets$ 157,500QS 13-5 (Algo) Horizontal analysis LO P1Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minussign. Round your percentage answers to one decimal place.)Horizontal Analysis - Calculation of Percent ChangeDenominator:Numerator:Percent change =Current YearPrior YearDollar ChangePercent$10,000 $12,600Cash59,50024,600Accounts receivable55,00048,800Equipment, net97,00071,500Land2$221,500 $ 157,500Total assets Required informationUse the following information for the Quick Studies below. (Algo)[The following information applies to the questions displayed below.]Current YearPrior Year$ 12,60024,60048,80071,500Cash$ 10,00059,50055,00097,000Accounts receivableEquipment, netLandTotal assets$ 221,500$ 157,500QS 13-6 (Algo) Vertical analysis LO P2Express the items in common-size percents. (Round your percentage answers to one decimal place.)Current YearPrior YearCash%Accounts receivableEquipment, net%Land%Total assets00 %0.0 %

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QS 13-6 (Algo) Vertical analysis LO P2 Express the items in common-size percents. (Round your percentage answers to one decimal place.) Current Year Prior Year Cash % % Accounts receivable % Equipment, net Land % 0.0 % Total assets 0.0 %

QS 13-6 (Algo) Vertical analysis LO P2 Express the items in common-size percents. (Round your percentage answers to one decimal place.) Current Year Prior Year Cash % % Accounts receivable % Equipment, net Land % 0.0 % Total assets 0.0 %

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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