Selected information from a finanacial statement


Selected information from a finanacial statement for twoyears. Compute the percentage change from 2006 to 2007 whenpossible and round to the nearest whole percentage.

2007 2006

a. Accountsreceivable..........................................................$126,000 $160,000
b. Marketablesecurities..........................................................-0- 250,000
c. Retainedearnings................................................................80,000 (80,000)
d. Notesreceivable................................................................120,000 -0-
e. Notespayable....................................................................870,000 800,000
f. Cash...................................................................................84,000 80,000
g. Sales...................................................................................970,000 910,000

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Accounting Basics: Selected information from a finanacial statement
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