Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable $ Current Year $ 380,168 102,276 Prior Year $ 239,377 105,903 93,973 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year 380,168 $ 102,276 0 Prior Year 239,377 105,903 93,973 Denominator: Dollar Change Percent Change %

Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable $ Current Year $ 380,168 102,276 Prior Year $ 239,377 105,903 93,973 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year 380,168 $ 102,276 0 Prior Year 239,377 105,903 93,973 Denominator: Dollar Change Percent Change %

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note: Round answers to two decimal places. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
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