Compute the annual dollar changes and percent changes for each of the following

Question

Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.)

2017 2016 Short-term investments $ 377,232 $ 236,026 Accounts receivable 99,828 103,326 Notes payable 0 90,624 Horizontal Analysis - Calculation of Percent Change Choose Numerator: / Choose Denominator: Percent Change = / 2017 2016 Dollar Change Percent Change Short-term investments $377,232 $236,026 % Accounts receivable 99,828 103,326 % Notes payable 0 90,624 %

Explanation / Answer

Annual dollar changes and percent changes for each of the following accounts is as prepared below:

Horizontal Analysis - Calculation of Percent Change Choose Numerator: / Choose Denominator: Percent Change = / 2017 2016 Dollar Change Percent Change Short-term investments 377,232 236,026 141,206 59.8% % Accounts receivable 99,828 103,326 -3,498 -3.4% % Notes payable 0 90,624 -90,624 -100.0% %

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