Table 18-11 Alpha Products
The following data on Alpha Products, Inc. is available.

-Refer to Table 18-11.What was the percent increase or decrease in net accounts payable from 2016 to 2017?
A) 28.6% increase
B) 28.6% decrease
C) 40.1% increase
D) 40.1% decrease

Question

Table 18-11 Alpha Products
The following data on Alpha Products, Inc. is available.
 
-Refer to Table 18-11.What was the percent increase or decrease in net accounts payable from 2016 to 2017?
A) 28.6% increase 
B) 28.6% decrease 
C) 40.1% increase 
D) 40.1% decrease

Quizplus · Accepted Answer

B) Calculations: ($108,200-151,600)/151,600 = 28.6% decrease