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

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