Calculate the Percent Increase or Decrease for Each of the Following

question 162

Essay

Calculate the percent increase or decrease for each of the following financial statement items:
$\begin{array} { | l | r | r | } \hline & \underline { 2014 } & { \underline { 2013 } } \\\hline \text { Cash } & \$ 37,500 & \$ 30,000 \\\hline \text { Accounts receivable } & 63,000 & 52,500 \\\hline \text { Inventory } & 67,500 & 90,000 \\\hline \text { Accounts payable } & 35,100 & 27,000 \\\hline \text { Sales } & 187,500 & 150,000 \\\hline \text { Equipment } & 165,000 & 125,000 \\\hline\end{array}$

---

Definitions:

Fundamental Analysis

Assessment of firm value that focuses on earnings and dividends prospects, expectations for future interest rates, and risk evaluation.

Earnings

The amount of money that a company makes during a specific period, usually defined as profit after all expenses have been subtracted from revenue.

Dividends

Payments made by a corporation to its shareholder members, typically a portion of the earnings decided by the board of directors.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in generating sales revenue from its assets.