American Corporation has the following financial information.   Year 1 Year 2Cash $ 202.95   $ 245.90  A/R   398.02     485.34  Inventory   785.12     648.54   If Year 1 is the base year, what is the percentage increase/decrease of each current asset amount?

Piper, Incorporated reports cash of $260,000 in Year 1 and $210,000 in Year 2. Using horizontal analysis, what is the percentage increase or decrease in cash?Multiple Choice(19.2%)19.2%(23.8%)23.8%

Percentage increase and decrease

Using the financial statements below, calculate the current ratio for the current year. Please calculate to 2 decimal places.Profit and loss statement Current year Prior yearRevenue 14,800 18,500Less Cost of sales 6,000 7,500Gross profit 8,800 11,000Less expenses Wages Expense 5,500 6,500Interest Expense 2,200 2,000Depreciation Expense 1,000 1,200Advertising Expense 900 800Net profit (800) 500BALANCE SHEET Current year Prior yearCurrent assets Cash 14,250 16,700Accounts Receivable 14,000 3,500Inventory 6,000 2,500Prepaid Expenses 650 1,500Non-current assetsProperty Plant Equipment 192,500 193,500Land 210,000 210,000Total assets 437,400 427,700Current liabilitiesAccounts Payable 11,700 4,200Unearned Revenue 3,500 2,000Wages Payable 3,500 2,500Non-current liabilitiesBank Loan 118,000 122,500Total liabilities 136,700 131,200NET ASSETS 300,700 296,500Equity Share Capital 255,000 250,000Retained Earnings 45,700 46,500TOTAL EQUITY 300,700 296,500

A company has a quick ratio of 1.5, current liabilities of Rs. 300,000, and inventory of Rs. 200,000. What are the company’s current assets?Rs. 450000Rs. 400000Rs. 500000Rs. 350000

Last year, Deon opened an investment account with $8600. At the end of the year, the amount in the account had decreased by 7.5%. How much is this decrease in dollars? How much money was in his account at the end of last year?Decrease in amount: $Year-end amount: $