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! Required information [The following information applies to the questions displayed below] Cash Accounts receivable Equipment, net Land Total assets Percent change = Cash Accounts
! Required information [The following information applies to the questions displayed below] Cash Accounts receivable Equipment, net Land Total assets Percent change = Cash Accounts receivable Equipment, net Compute the annual dollar changes and percent changes for each of the following items. Note: Decreases should be entered with a minus sign. Round your percentage answers to one decimal place. Land Total assets Current Year $ 7,440 54,000 $ 44,000 91,680 $ 197,120 $ Prior Year $ 8,000 18,000 40,000 66,000 $ 132,000 X Answer is complete but not entirely correct. Numerator: Current year amount minus base year amount Current Year Horizontal Analysis - Calculation of Percent Change 1 1 Prior Year 7,440 $ 8,000 54,000 18,000 44,000 40,000 91,680 66,000 197,120 $ 132,000 $ Base year amount $ Denominator: Dollar Change (560) 36,000 4,000 25,680 65,120 3 3 3 3 3 Percent Change (0.9) % 0.3% 1.2 % 1.4 % 1.5%
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