Answer:
(a) Decreases by 5.3%.
(b) Increases by 11%.
Explanation:
Given that,
Total assets in 2019 = $1,000,000
Total assets in 2018 = $900,000
Total assets in 2017 = $950,000
Percentage change from 2017 to 2018:
= [(Total assets in 2018 - Total assets in 2017) ÷ Total assets in 2017] × 100
= [($900,000 - $950,000) ÷ $950,000] × 100
= (-$50,000 ÷ $950,000) × 100
= -0.053
= -5.3%
Therefore, the total assets from 2017 to 2018 decreases by 5.3 percent.
Percentage change from 2018 to 2019:
= [(Total assets in 2019 - Total assets in 2018) ÷ Total assets in 2018] × 100
= [($1,000,000 - $900,000) ÷ $900,000] × 100
= ($100,000 ÷ $900,000) × 100
= 0.11
= 11%
Therefore, the total assets from 2018 to 2019 increases by 11 percent.
