Question

The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400 45,800 Current Year $49,368 Cash Accounts receivable (net) Based on this information, what is the amount and percentage of increase or decrease that would be shown with decrease using a minus sign before the amount and the percentage. Account Cash Accounts Receivable increase,decrease 25,648 horizontal analysis? Enter a Dollar Change Percent Change
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Answer #1

Account

Dollar change

Percentage change

Cash

$   11,968.00

32%

Increase

Accounts Receivables

$ (20,152.00)

-44%

Decrease

Working

Cash

Accounts receivables

A

Previous year balance

$ 37,400.00

$    45,800.00

B

Current year balance

$ 49,368.00

$    25,648.00

C=B-A

change

$ 11,968.00

$ (20,152.00)

D=C/A x 100

Change in %

32.00%

-44.00%

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