Refer tha data in the table below:
Particulars2004−052005−06Shareholders' funds10,00,00010,00,000Trade payables2,40,0001,80,000Short term debt8,00,0006,00,000Long term debt9,02,0007,74,00029,42,00025,54,000Fixed Assets26,20,00022,50,000Trade Receivables2,50,0002,75,000Cash72,00029,00029,42,00025,54,000
Calculate the % change in long term debt.
Decrease of 14.19%
% Change in Long Term Debt = 7,74,000−9,02,0009,02,000=−1,28,0009,02,000=−0.1419 i.e. Decrease of 14.19 %