Solve the following problems:

2-1. Comparative information taken from the Calla Company financial statements is shown below:

​​​​ Year 2 ​ Year 1

Accounts receivable​​175,000 ​140,000

Retained earnings​​ 30,000​( 40,000)

Sales​​​​855,000​750,000

Operating expenses​​170,000​200,000

Income taxes payable​​ 22,000​ 20,000

Instructions:

1.​Calculate the peso changes for each item and indicate whether the change is increase or decrease;

2.​Calculate the percentage change from year 1 to year 2 with year 1 as the base year.

asked by guest
on Mar 29, 2025 at 11:43 pm



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


+ Submit Question