Question
The Cash and Accounts Receivable end-of-year balances for a company are provided below: Current Year Prior Year Cash $77,128 $62,200 Accounts receivable (net) 56,374 79,400
The Cash and Accounts Receivable end-of-year balances for a company are provided below:
| Current Year | Prior Year | ||
| Cash | $77,128 | $62,200 | |
| Accounts receivable (net) | 56,374 | 79,400 |
Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage.
| Amount | Percentage | |
| Cash | $ | % |
| Accounts Receivable | $ | % |
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
