Exercise 12-4A Part 22. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage Increase or decrease cannot becalculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimalplace.)BEDEBAR STORTS APPARELBalance ShootDecemberàlIncrease (Decrease)Amount2022AssetsCash$ 2,310,000 $840,000Accounts receivable1,305,0001,044,000Inventory4,005,0002,136,000Buildings8,580,0008,580,000Less: Accumulated depreciation(1,200,000)(600,000)Total assets$ 15,000,000 $12,000,000Liabilities and Stockholders' Equity2021 Liabilities and Stockholders' EquityAccounts payableContingent liabilityCommon stockRetained earningsTotal liabilities and stockholders' equity$ 1,725,000 $1,380,0001,230,0004,920,0004,920,0007,125,0005,700,000$ 15,000,000 $ 12,000,000

The balance sheet shows the financial position of the company that represents the assets,…

2. Prepare a horizontal analysis for 2022 using 2021 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 decima place.)

2. Prepare a horizontal analysis for 2022 using 2021 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 decima place.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Exercise 12-4A Part 2
2. Prepare a horizontal analysis for 2022 using 2021 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.)
BEDEBAR STORTS APPAREL
Balance Shoot
Decemberàl
Increase (Decrease)
Amount
2022
Assets
Cash
$ 2,310,000 $
840,000
Accounts receivable
1,305,000
1,044,000
Inventory
4,005,000
2,136,000
Buildings
8,580,000
8,580,000
Less: Accumulated depreciation
(1,200,000)
(600,000)
Total assets
$ 15,000,000 $12,000,000
Liabilities and Stockholders' Equity
2021

Liabilities and Stockholders' Equity
Accounts payable
Contingent liability
Common stock
Retained earnings
Total liabilities and stockholders' equity
$ 1,725,000 $1,380,000
1,230,000
4,920,000
4,920,000
7,125,000
5,700,000
$ 15,000,000 $ 12,000,000

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