Percentages Changes
Selected information taken from the financial statements of Wiley Company for two successive years follows. You are to compute the percentage change from 2014 to 2015 whenever possible. Round all calculations to the nearest whole percentage.
| 2015 | 2014 |
a. Accounts receivable | $126,000 | $160,000 |
b. Marketable securities | –0– | 250,000 |
c. Retained earnings | 80,000 | (80,000) |
d. Notes receivable | 120,000 | –0– |
e. Notes payable | 890,000 | 800,000 |
f. Cash | 84,000 | 80,000 |
g. Sales | 970,000 | 910,000 |
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