Percentage Changes
Selected information taken from the financial statements of Maxum Company for two successive years follows. You are to compute the percentage change from 2010 to 2011 whenever possible. Round all calculations to the nearest whole percentage.
|
| 2011 | 2010 |
a. | Accounts receivable | $126,000 | $160,000 |
b. | Marketable securities. | -0- | 250,000 |
c. | Retained earnings | 80,000 | (80,000) |
d. | Notes receivable | 120,00 | -0- |
e. | Notes payable | 870,000 | 800,000 |
f. | Cash | 84,000 | 80,000 |
g. | Sales | 970,000 | 910,000 |
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