Calculate the percentage change from year

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Reference no: EM132499001

Comparative information taken from the Calla Company financial statements is shown below:

                                             Year 2                         Year 1

a. Accounts receivable              P175,000                  P140,000

b. Retained earnings                  30,000                      (40000)

c. Sales                                    855,000                750,000

d. Operating expenses              170,000                      200,000

e. Income taxes payable               22,000                    20,000

Question 1. Calculate the peso change for each item and indicate whether the change is increase or decrease.

Question 2. Calculate the percentage change from Year 1 to Year 2 with Year 1 as the base year.

Reference no: EM132499001

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