Homework Answers
| Increase ( Decrease) | ||
| Amount | % | |
| Cash | (630,000) | -60% |
| Accounts receivable | 360,000 | 120% |
| Inventory | 95,000 | 10.2% |
| Long-term assets | 1,175,000 | 43.1% |
| Total assets | 1,000,000 | 20% |
% change in Cash = -630,000/1,050,000 = -60%
% change in accounts receivable = 360,000/300,000= 120%
% change in inventory = 95,000/925,000 = 10.2%
% change in Long term assets = 1,175,000/2,725,000 = 43.1%
% change in total assets = 1,000,000/5,000,000= 20%
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