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[The following information applies to the questions displayed below.] Cash Accounts receivable Equipment, net Land Total assets Current Year $ 8,400 56,000 48,000 93,500 $ 205,900 Prior Year $9,600 20,400 43,200 68,000 $ 141,200

[The following information applies to the questions displayed below.] Cash Accounts receivable Equipment, net Land Total assets Current Year $ 8,400 56,000 48,000 93,500 $ 205,900 Prior Year $9,600 20,400 43,200 68,000 $ 141,200

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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[The following information applies to the questions displayed below.) Cash Current Year $ 8,400 Prior Year $ 9,600 Accounts receivable 56,000 20,400 Equipment, net 48,000 43,200 Land Total assets 93,500 68,000 $ 205,900 $ 141,200 QS 17-5 (Algo) Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following items. Note: Decreases should be entered with a minus sign. Round your percentage answers to one decimal place. Horizontal Analysis - Calculation of Percent Change Numerator: Percent change= Current year amount minus base year amount Current Year Cash $ Accounts receivable Equipment, net Land Total assets $ Denominator: Base year amount Prior Year Dollar Change 8,400 $ 9,600 56,000 20,400 48,000 43,200 93,500 68,000 205,900 $141,200 Percent Change % % % % %
Transcribed Image Text:[The following information applies to the questions displayed below.) Cash Current Year $ 8,400 Prior Year $ 9,600 Accounts receivable 56,000 20,400 Equipment, net 48,000 43,200 Land Total assets 93,500 68,000 $ 205,900 $ 141,200 QS 17-5 (Algo) Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following items. Note: Decreases should be entered with a minus sign. Round your percentage answers to one decimal place. Horizontal Analysis - Calculation of Percent Change Numerator: Percent change= Current year amount minus base year amount Current Year Cash $ Accounts receivable Equipment, net Land Total assets $ Denominator: Base year amount Prior Year Dollar Change 8,400 $ 9,600 56,000 20,400 48,000 43,200 93,500 68,000 205,900 $141,200 Percent Change % % % % %
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