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Required information Use the following information for the Quick Studies below. (Algo) [The following information...

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Accounting

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Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.) Cash Accounts receivable Equipment, net Land Current Year $ 8,600 56,500 49,000 94,000 $ 208,100 Prior Year $ 10,000 21,000 44,000 68,500 $ 143,500 Total assets QS 13-5 (Algo) Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following items. (Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.) Horizontal Analysis - Calculation of Percent Change Numerator: 1 Denominator: Percent change = 1 Prior Year Current Year Dollar Change Percent Change Cash $ 8,600 $ 10,000 % % Accounts receivable 56,500 21,000 Equipment, net 49,000 44,000 % Land 94,000 68,500 % Total assets $ 208,100 $ 143,500 %

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