Cash and Accounts Receivable for Ashfall Co Based on This Information, What Is the Amount and Percentage

question 171

Essay

Cash and accounts receivable for Ashfall Co. are provided below.​ $\begin{array}{lll}&\text { Current Year }&\text { Prior Year }\\\text { Cash } & \$ 62,400 & \$ 58,000 \\\text { Accounts receivable (net) } & 42,000 & 50,000\end{array}$ Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Round percentages to one decimal place.

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Definitions:

Virtual Communication

The exchange of information and ideas through electronic means when participants are not physically present in the same location.

Nonverbal Signals

Communication cues such as facial expressions, body language, and gestures that convey information or feelings without using words.

Nonverbal Part

The component of communication that does not involve words but includes gestures, facial expressions, and body language.

Distance Interactions

this term refers to the communications or actions that occur between individuals or groups who are not physically co-located, often facilitated by technology.