menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 1
  4. Exam
    Exam 22: Analyzing Financial Statements
  5. Question
    What Was the Percentage of Decrease in the Accounts Receivable
Solved

What Was the Percentage of Decrease in the Accounts Receivable

Question 61

Question 61

Multiple Choice

What was the percentage of decrease in the Accounts Receivable account if the receivables were $80,000 in Year 1,and $60,000 in Year 2?


A) (25%)
B) 33.33%
C) (33.33%)
D) 25%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q56: To be meaningful,a small business should compare

Q57: What is George's gross profit rate if

Q58: Common-size statements are used to compare companies

Q60: For each of the following items,

Q64: For each of the following items,

Q65: What is the rate of return on

Q66: For each of the following items,

Q69: The ratio that indicates how much profit

Q75: Which analysis deals with comparing items in

Q101: An expression of the amount of each

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines