Answer:
1) Accounts receivable amount = $550,200 - $420,000
Accounts receivable amount = $130,200
% increase = $130,200/$420,000 * 100
% increase = 0.31 * 100
% increase = 31%
2. Inventory amount = $855,600 - $620,000
Inventory amount = $235,600
% increase = $235,600/$620,000 * 100
% increase = 0.38 * 100
% increase = 38%
3. Total asset amount = $2,909,750 - $2,575,000
Total asset amount = $334,750
% increase = $334,750/$2,575,000 * 100
% increase = 0.13 * 100
% increase = 13%
