Calculate the percent increases for each of the following selected balance sheet items.?Year 2Year 1Cash$ 569$ 448Accounts receivable2,2342,337Merchandise inventory1,0621,071Plant assets2,4322,138Bonds payable1,1641,666Equity2,7772,894
What will be an ideal response?
| Cash | [($569 - $448)/$448] * 100 | = | 27.0% increase |
| Accounts receivable | [($2,234 - $2,337)/$2,337] * 100 | = | 4.4% decrease |
| Merchandise inventory | [($1,062 - $1,071)/$1,071] * 100 | = | 0.8% decrease |
| Plant assets | [($2,432 - $2,138)/$2,138] * 100 | = | 13.7% increase |
| Bonds payable | [($1,164 - $1,666)/$1,666] * 100 | = | 30.1% decrease |
| Equity | [($2,777 - $2,894)/$2,894] * 100 | = | 4.0% decrease |
Business
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