Problem Calculate the percent increases for each of the foll

Problem Calculate the percent increases for each of the following selected balance sheet items. 2014 2013 569 S 448 2,234 2,337 1,062 1,071 2,432 2,138 1,666 2,777 2,894 Cash Merchandise inventory Plant assets.. Bonds payable Equity 1,164

Solution

Percent increases for balance sheet items: 2014 2013 Difference Percentage Cash 569 448 121 27% Accounts Receivable 2234 2337 -103 -4% Merchandise inventory 1062 1071 -9 -1% Plant assets 2432 2138 294 14% Bonds Payable 1164 1666 -502 -30% Equity 2777 2894 -117 -4% Note: Difference = 2014 balance - 2013 balance Percentage = Difference / 2013 balance x 100