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Selected information taken from the financial statements of Wiley Company for two successive years follows. You are to compute the percentage change from year 1 to year 2 whenever possible. Round all calculations to the nearest whole percentage. Year 2 Year 1 a. Accounts receivable $126,000 $160,000 b. Marketable securities -0- 250,000 Retained earnings 80,000 (80,000) с. d. Notes receivable 120,000 -0- Notes payable 890,000 800,000 е. f. Cash 84,000 80,000 g. Sales 970,000 910,000

Selected information taken from the financial statements of Wiley Company for two successive years follows. You are to compute the percentage change from year 1 to year 2 whenever possible. Round all calculations to the nearest whole percentage. Year 2 Year 1 a. Accounts receivable $126,000 $160,000 b. Marketable securities -0- 250,000 Retained earnings 80,000 (80,000) с. d. Notes receivable 120,000 -0- Notes payable 890,000 800,000 е. f. Cash 84,000 80,000 g. Sales 970,000 910,000

FINANCIAL ACCOUNTING
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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14.1
Exercises EConnect Selected information taken from the financial statements of Wiley Company for two successive years follows. You are to compute the percentage change from year 1 to year 2 whenever possible. Round all calculations to the nearest whole percentage. Year 2 Year 1 a. Accounts receivable $126,000 $160,000 b. Marketable securities -0- 250,000 Retained earnings 80,000 (80,000) С. d. Notes receivable 120,000 -0- Notes payable 890,000 800,000 e. f. Cash 84,000 80,000 g. Sales 970,000 910,000 Compute trend nercentoges for the following items taken from the finoneioi fLone7
Transcribed Image Text:Exercises EConnect Selected information taken from the financial statements of Wiley Company for two successive years follows. You are to compute the percentage change from year 1 to year 2 whenever possible. Round all calculations to the nearest whole percentage. Year 2 Year 1 a. Accounts receivable $126,000 $160,000 b. Marketable securities -0- 250,000 Retained earnings 80,000 (80,000) С. d. Notes receivable 120,000 -0- Notes payable 890,000 800,000 e. f. Cash 84,000 80,000 g. Sales 970,000 910,000 Compute trend nercentoges for the following items taken from the finoneioi fLone7
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