Exercise for Percentage Changes: Selected information taken from financial staet
ID: 2498002 • Letter: E
Question
Exercise for Percentage Changes:
Selected information taken from financial staetments of Maxum Cmopany for two successive years follows. Compute the percentage change from 2008 to 2009 whenever possible. Round all calculations to the nearest whole percentage.
Item 2009 2008 A Account Receivable 126,000 160,000 B Marketable Securities 0 250,000 C Retained Earnings 80,000 (80,000) D Notes Receivables 120,000 0 E Notes Payable 870,000 800,000 F Cash 84,000 80,000 G Sales 970,000 910,000
Explanation / Answer
Item
2009
2008
Change
Percentage Change
(2009-2008)
(Change/Information of 2008*100)
A
Account Receivable
126,000
160,000
-34,000
-21.25
B
Marketable Securities
0
250,000
-250,000
-100
C
Retained Earnings
80,000
-80,000
160,000
-200
D
Notes Receivables
120,000
0
120,000
100
E
Notes Payable
870,000
800,000
70,000
8.75
F
Cash
84,000
80,000
4,000
5
G
Sales
970,000
910,000
60,000
6.59
Item
2009
2008
Change
Percentage Change
(2009-2008)
(Change/Information of 2008*100)
A
Account Receivable
126,000
160,000
-34,000
-21.25
B
Marketable Securities
0
250,000
-250,000
-100
C
Retained Earnings
80,000
-80,000
160,000
-200
D
Notes Receivables
120,000
0
120,000
100
E
Notes Payable
870,000
800,000
70,000
8.75
F
Cash
84,000
80,000
4,000
5
G
Sales
970,000
910,000
60,000
6.59
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