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.)
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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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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analysis i
Mc
Graw
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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.)
30
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80
F3
Current Year
$
Current Year
$ 12,000
62,500
61,000
100,000
$ 235,500
4
Dashboard
%
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%
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F4
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Prior Year
$ 15,000
28,100
53,600
74,500
$ 171,200
Prior Year
22.
F5
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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
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DII
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DD
F9
(x 3
4
7
F10
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A Study on the He...
F11
F12
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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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