If total assets for 2010 and 2009 were $500,000 and $530,000,respectively,then the percentage change shown in a horizontal analysis would be:
A)6.0%
B)5.7%
C)(5.7%)D)(6.0%)

Name: If total assets for 2010 and 2009 were $500,000 and $530,000,respectively,then the percentage change shown in a horizontal analysis would be: A)6.0% B)5.7% C)(5.7%)D)(6.0%)
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The percentage change in total assets from 2009 to 2010 is calculated as: [(500,000 - 530,000) / 530,000] * 100 = (-30,000 / 530,000) * 100 = -5.7%.

If Total Assets for 2010 and 2009 Were $500,000 and $530,000,respectively,then