Question

QS 13-3 Horizontal analysis LO P1 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.) Short-term investments Accounts receivable Notes payable Current Year $ 380, 834 103, 020 Prior Year $ 240, 061 106, 337 94, 802 Horizontal Analysis - Calculation of Percent Change Choose Numerator: Choose Denominator: Percent Change = Current Year D ollar Change Percent Change $ Short-term investments Accounts receivable Notes payable 380,834 103,020 Prior Year $ 240,061 106,337 94,802

Answer 1

Solution

Horizontal Analysis - Calculation of Percent Change
	Numerator	/	Denominator
Percent change=	Current year Minus Base year	/	Base year Amount
	2017	2016	Dollar Change	Percent Change
Short term investments	$ 380,834.00	$   240,061.00	$   140,773.00	58.6%
Accounts receivable	$ 103,020.00	$   106,337.00	$       (3,317.00)	-3.1%
Notes payable	$                     -	$       94,802.00	$    (94,802.00)	-100.0%