Question 2 Your answer is partially correct. Try again. Comparative information taken from the Foren Company financial statements is shown below: Using horizontal analysis, show the percentage change from 2016 to 2017 with 2016 as the base year. 2017 2016 Percentage Increase or Decrease No effect Increase (a) Notes receivable (b) Accounts receivable 175,000 140,000 (c) Retained earnings (d) Income taxes payable 55,000 20,000 (e) Sales (f) Operating expenses 160,000 200,000 $20,000 $0 251 % 17511 90 175190 201 % 201 % 30,000 (40,000) Increase + Increase 900,000 750,000 Increase Decrease LINK TO TEXT Question 2 Your answer is partially correct. Try again. Comparative information taken from the Foren Company financial statements is shown below: Using horizontal analysis, show the percentage change from 2016 to 2017 with 2016 as the base year. 2017 2016 Percentage Increase or Decrease No effect Increase (a) Notes receivable (b) Accounts receivable 175,000 140,000 (c) Retained earnings (d) Income taxes payable 55,000 20,000 (e) Sales (f) Operating expenses 160,000 200,000 $20,000 $0 251 % 17511 90 175190 201 % 201 % 30,000 (40,000) Increase + Increase 900,000 750,000 Increase Decrease LINK TO TEXT