Calculate the percent increase or decrease for each of the following financial statement items:? Year 2 Year 1Cash$ 37,500$ 30,000Accounts receivable63,00052,500Inventory67,50090,000Accounts payable35,10027,000Sales187,500150,000Equipment165,000125,000?
What will be an ideal response?
| ? | Computation (in percent) | Percent Change |
| Cash | [($37,500 ? $30,000)/$30,000] * 100 = | 25% increase |
| Accounts receivable | [($63,000 ? $52,500)/$52,500] * 100 = | 20% increase |
| Inventory | [($67,500 ? $90,000)/$90,000] * 100 = | 25% decrease |
| Accounts payable | [($35,100 ? $27,000)/$27,000] * 100 = | 30% increase |
| Sales | [($187,500 ? $150,000/$150,000] * 100 = | 25% increase |
| Equipment | [($165,000 ? $125,000)/$125,000] * 100 = | 32% increase |
Business
You might also like to view...
Termination-at-will clauses in franchise agreements are generally held to be void
Indicate whether the statement is true or false
Business
________________________ means changing an established brand name.
a. Repositioning b. Reimaging c. Divesting d. Rebranding
Business
Taking a personal property without paying for it is a common type of larceny
Indicate whether the statement is true or false
Business
A ________ option provides payments over the life of both you and your spouse no matter how long you live
A) single life annuity B) lump sum annuity C) joint and survivor annuity D) annuity for life E) combination annuity
Business