Required information [The following information applies to the questions displayed below.] Cash Accounts receivable Equipment, net Land Total assets Current Year $ 12,000 62,500 61,000 100,000 $ 235,500 Prior Year $ 15,000 28,100 53,600 74,500 $ 171,200 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.)

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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C
raw
ill
Required information
[The following information applies to the questions displayed below.]
:0
Cash
Accounts receivable
Equipment, net
F1
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
9
2
393
=
F2
3
$
80
F3
Current Year
$ 12,000
62,500
61,000
100,000
$ 235,500
$
Current year amount minus base year amount
Current Year
4
DOO
F4
Numerator:
%
PLO
Prior Year
$ 15,000
28,100
53,600
74,500
$ 171,200
5
Horizontal Analysis - Calculation of Percent Change
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Prior Year
$
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62,500
61,000
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74,500
100,000
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Dollar Change
9
Denominator:
F9
0
7,400
25,500
(3,000)
34,400
64,300
7
F10
Percent Change
F11
%
%
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Transcribed Image Text:C raw ill Required information [The following information applies to the questions displayed below.] :0 Cash Accounts receivable Equipment, net F1 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 9 2 393 = F2 3 $ 80 F3 Current Year $ 12,000 62,500 61,000 100,000 $ 235,500 $ Current year amount minus base year amount Current Year 4 DOO F4 Numerator: % PLO Prior Year $ 15,000 28,100 53,600 74,500 $ 171,200 5 Horizontal Analysis - Calculation of Percent Change 1 1 F5 tv Prev A Saved 6 F6 Prior Year $ 12,000 15,000 28,100 62,500 61,000 53,600 74,500 100,000 235,500 $ 171,200 1 2 of 3 & 7 8 F7 $ O» 4* Annotated Bibliog... A Study on the He... G Gmail ☐ YouTube Base year amount $ 8 Next > DII F8 Dollar Change 9 Denominator: F9 0 7,400 25,500 (3,000) 34,400 64,300 7 F10 Percent Change F11 % % % % % F12 D Help Save&Exit Check my
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Mc
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F1
Cash
Accounts receivable
Equipment, net
Required information
[The following information applies to the questions displayed below.]
Land
Total assets
Cash
Classes N Netflix
Accounts receivable
Equipment, net
Land
Total assets
2
Express the items in common-size percents. (Round your percentage answers to one decimal place.)
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Transcribed Image Text:29) YouTube es analysis i Mc Graw Hill F1 Cash Accounts receivable Equipment, net Required information [The following information applies to the questions displayed below.] Land Total assets Cash Classes N Netflix Accounts receivable Equipment, net Land Total assets 2 Express the items in common-size percents. (Round your percentage answers to one decimal place.) 30 F2 ml?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.... EDU 1011 (2019-F... G Annotated Bibliog... 3 # 80 F3 Current Year $ Current Year $ 12,000 62,500 61,000 100,000 $ 235,500 4 Dashboard % % % % 0.0 % DOD 000 F4 % Prior Year $ 15,000 28,100 53,600 74,500 $ 171,200 Prior Year 22. F5 < % % % % 0.0 % Prev <C F6 SN Saved & of 3 F7 Next > DII F8 DD F9 (x 3 4 7 F10 W A Study on the He... F11 F12 MOM | /1 G Gmail YouTube Ma Help Save & Exit Check my we
Expert Solution
Step 1 Introduction

The question is based on the concept of Financial Accounting.

Percentage change is calculated by dividing the difference between the figures of the current year and the previous year with the figure of the previous year.

Percentage change = (Current year - previous year)/Previous year

 

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