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zimovet [89]
2 years ago
5

2017 2016 (a) Accounts receivable $ 175,000 $ 140,000 (b) Retained earnings 30,000 (14,000 ) (c) Sales revenue 855,000 750,000 (

d) Operating expenses 170,000 200,000 (e) Income taxes payable 11,000 10,000 Using horizontal analysis, show the percentage change from 2016 to 2017 with 2016 as the base year
Business
1 answer:
Schach [20]2 years ago
3 0

Answer:

Percentage Change = (Amount in 2017 - Amount in 2016) / Amount in 2016

a. Accounts Receivable

= (175,000 - 140,000) /140,000

= 25%

b. Retained earnings

= (30,000 - (-14,000)) / 14,000

= 314%

c. Sales revenue

= (855,000 - 750,000) / 750,000

= 14%

d. Operating expenses

= (170,000 - 200,000) / 200,000

= -15%

e. Income taxes payable

= (11,000 - 10,000) / 10,000

= 10%

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Next year's pro forma statement is based on an annual increase in sales of four percent. The firm is currently operating at 85 p
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Omar invested his savings in two investment funds. The $6000 that he invested in Fund A returned a 3% profit. The amount that he
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Answer:

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Explanation:

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