Asked by Isaiah Estilien on May 11, 2024
Verified
The balance sheet of Lawn Products, Inc. showed accounts receivable of $84,750 in 2004 and $134,750 in 2005. Compute the percentage of increase in accounts receivable. (Round answer to one decimal place.)
Accounts Receivable
Amounts owed to a business for services performed or goods delivered.
Percentage Increase
A measure of how much a certain quantity grows over a specific period, expressed as a percentage of the original amount.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.
- Examine the growth percentages in fiscal components.
Verified Answer
DG
Learning Objectives
- Examine the growth percentages in fiscal components.