Question

Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Current Year Prior Year Short-term investments $ 380,834 $ 240,061 Accounts receivable 103,020 106,337 Notes payable 0 94,802

Answer 1

Step-by-step explanation:

The computation is shown below:

(A) (B) (A - B)

Current Year Prior Year Dollar change

Short-term investments $380,834 $240,061 $140,773

Accounts receivable $103,020 $106,337 -$3,317

Notes payable $0 $94,802 -$94,802

Now the percentage change would be

= (A - B) ÷ (B) × 100

For Short-term investments = 58.64%

For Accounts receivable = - 3.12%

For Notes payable = - 100%