In a comparative balance sheet, the ending Accounts Receivable for 2019 was $189,000 and is $301,000 for 2020. The net increase or decrease from 2019 to 2020 is: (Round your answer to two decimal places, X.XX%.)
A) (59.26%).
B) 59.26%.
C) 37.21%.
D) (37.21%).

Question

Quizplus · Accepted Answer

The net increase from 2019 to 2020 is calculated as: [(301,000 - 189,000) / 189,000] * 100 = 59.26%. This represents a 59.26% increase.

In a Comparative Balance Sheet, the Ending Accounts Receivable for 2019