Question
American Corporation has the following financial information. Year 1Year 2Cash$202.95$245.90A/R398.02485.34Inventory785.12648.54 If Year 1 is the base year, what is the percentage increase/decrease of each current
American Corporation has the following financial information.
Year 1Year 2Cash$202.95$245.90A/R398.02485.34Inventory785.12648.54
If Year 1 is the base year, what is the percentage increase/decrease of each current asset amount?
- A) Cash = 21% increase, A/R = 22% decrease, Inventory = 17% decrease
- B) Cash = 25% decrease, A/R = 21% increase, Inventory = 27% decrease
- C) Cash = 25% increase, A/R = 21% increase, Inventory = 27% increase
- D) Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease
- E) Cash = 21% increase, A/R = 22% increase, Inventory = 17% increase
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
