Problem 15 1
Comparative information taken from the Koda Company financial statements is shown below:
2012 2011
(a) Notes Receivable $ 10,000 0
(b) Accounts Receivable 175,000 140,000
(c) Retained Earnings 30,000 (40,000)
(d) Sales 840,000 750,000
(e) Operating Expenses 160,000 200,000
(f) 28,000 20,000
Required:
Using horizontal analysis, show the percentage change from 2011 to 2012 with 2011 as the base year. If an item is impossible to compute, enter a “0” in the percentage box and select “Not possible to compute” in the narrative box.
Select: Increase, Decrease, or Not possible to compute
| a. % | SelectIncreaseDecreaseNot possible to computeItem 2 |
| b. % | SelectIncreaseDecreaseNot possible to computeItem 4 |
| c. % | SelectIncreaseDecreaseNot possible to computeItem 6 |
| d. % | SelectIncreaseDecreaseNot possible to computeItem 8 |
| e. % | SelectIncreaseDecreaseNot possible to computeItem 10 |
| f. % | SelectIncreaseDecreaseNot possible to compute |