Required information [The following information applies to the questions displayed below] Cash Accounts receivable. Equipment, net Land Total assets Percent change Cash Accounts receivable Equipment, net Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.) Land |Total assets S Current Year $7,440 54,000 44,000 91,680 $ 197,120 $ Prior Year $8,000 18,000 40,000 66,000 $ 132,000 Horizontal Analysis Calculation of Persent Change Numerator: Current Year Prior Year 7,440 $ 8,000 $4,000 18,000 44,000 40,000 91,600 66,000 197.120 $ 132,000 Denominator: Dollar Change Percent Change % **** %
Required information [The following information applies to the questions displayed below] Cash Accounts receivable. Equipment, net Land Total assets Percent change Cash Accounts receivable Equipment, net Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.) Land |Total assets S Current Year $7,440 54,000 44,000 91,680 $ 197,120 $ Prior Year $8,000 18,000 40,000 66,000 $ 132,000 Horizontal Analysis Calculation of Persent Change Numerator: Current Year Prior Year 7,440 $ 8,000 $4,000 18,000 44,000 40,000 91,600 66,000 197.120 $ 132,000 Denominator: Dollar Change Percent Change % **** %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
G18.
![Required information
[The following information applies to the questions displayed below]
Cash
Accounts receivable
Equipment, net
Land
Total assets
Percent change
Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus
sign. Round your percentage answers to one decimal place.)
Cash
Accounts receivable
Equipment, net
Land
Total assets
S
Current Year
$ 7,440
54,000
44,000
91,650
$ 197,120
$
Prior Year
$5,000
18,000
40,000
66,000
$ 132,000
Horizontal Analysis Calculation of Percent Change
Numerator
Current Year
Prior Year
7,440 $
8,000
54,000
44,000
91,600
197.120 5 132,000
18,000
40,000
66,000
Denominator:
Dollar Change
Percent Change
****](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4daeda3b-5278-4fa7-b2ce-c352b31ca222%2F26dc8d20-a262-4ae2-a20a-23097809b7ac%2Fe8ld0zce_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below]
Cash
Accounts receivable
Equipment, net
Land
Total assets
Percent change
Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus
sign. Round your percentage answers to one decimal place.)
Cash
Accounts receivable
Equipment, net
Land
Total assets
S
Current Year
$ 7,440
54,000
44,000
91,650
$ 197,120
$
Prior Year
$5,000
18,000
40,000
66,000
$ 132,000
Horizontal Analysis Calculation of Percent Change
Numerator
Current Year
Prior Year
7,440 $
8,000
54,000
44,000
91,600
197.120 5 132,000
18,000
40,000
66,000
Denominator:
Dollar Change
Percent Change
****
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Required information
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[The following information applies to the questions displayed below.]
| Current Year | Prior Year | |
|---|---|---|
| Cash | $ 7,440 | $ 8,000 |
| 54,000 | 18,000 | |
| Equipment, net | 44,000 | 40,000 |
| Land | 91,680 | 66,000 |
| Total assets | $ 197,120 | $ 132,000 |
Express the items in common-size percents. (Round your percentage answers to one decimal place.)
Required information
Skip to question
[The following information applies to the questions displayed below.]
| Current Year | Prior Year | |
|---|---|---|
| Cash | $ 7,440 | $ 8,000 |
| Accounts receivable | 54,000 | 18,000 |
| Equipment, net | 44,000 | 40,000 |
| Land | 91,680 | 66,000 |
| Total assets | $ 197,120 | $ 132,000 |
Express the items in common-size percents. (Round your percentage answers to one decimal place.)
Solution
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