Question
Current Year Prior Year Cash $7,440 $8,000 Accounts receivable 54,000 18,000 Equipment, net 44,000 40,000 Land 91,680 66,000 Total assets $197,120 $132,000 Required: Express
Current Year Prior Year Cash $7,440 $8,000 Accounts receivable 54,000 18,000 Equipment, net 44,000 40,000 Land 91,680 66,000 Total assets $197,120 $132,000 Required: Express the items in common-size percents. Round to 1 decimal place. Cash Accounts receivable Equipment, net Land Total assets Current Year Prior Year 380.0% 61.0% 274.0% 136.0% 223.0% 303.0% 465.0% 500.0% 1342.0% 1000.0%
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
