Required information [The following information applies to the questions displayed below] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Assets Cash Accounts receivable Inventory Buildings Less Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent Sability Common stock FEDERER SPORTS APPAREL Balance Sheet December 31 Retained earnings Total liabilities and stockholders' equity 2025 Year $ 2.640,000 $ 1,820,000 3,300,000 2024 990,000 1,512.000 2,178,000 14,400,000 14.400.000 (2.160,000) (1.080,000) $ 20.000.000 $18,000,000 $ 1,640,000 s 2,178,000 1,900,000 1.160.000 9.360.000 5,302.000 9.360.000 7,100,000 $ 20,000,000 $15,000,000 Increase (Decrease) Amount
Required information [The following information applies to the questions displayed below] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Assets Cash Accounts receivable Inventory Buildings Less Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent Sability Common stock FEDERER SPORTS APPAREL Balance Sheet December 31 Retained earnings Total liabilities and stockholders' equity 2025 Year $ 2.640,000 $ 1,820,000 3,300,000 2024 990,000 1,512.000 2,178,000 14,400,000 14.400.000 (2.160,000) (1.080,000) $ 20.000.000 $18,000,000 $ 1,640,000 s 2,178,000 1,900,000 1.160.000 9.360.000 5,302.000 9.360.000 7,100,000 $ 20,000,000 $15,000,000 Increase (Decrease) Amount
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 99.3C
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