Problem

Percentages ChangesSelected information taken from the financial statements of Wiley Compa...

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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