of 2Required 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 becalculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimalplace.)FEDERER SPORTS APPARELBalance SheetDecember 31AssetsCashAccounts receivableInventoryBuildingsLess Accumulated depreciationTotal assetsLiabilities and Stockholders' EquityAccounts payableContingent liabilityCommon stockRetained earningsTotal liabilities and stockholders equity$5S2025Year2,300,000 $1,500,0002.800,00011.000.000(2.000.000)15,600,000 $1,450,000 $1.500.0008,000,0004.650,0002024800.0002.200.0001,700,00011,000,000(1,000,000)14.700,0001,700.0001.000.0008,000,0004,000,000S 15.600.000 $ 14.700.000Increase (Decrease)Amount%4

Lets understand the basics.Horizontal Analysis is one of the important analysis techniques of…

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 FEDERER SPORTS APPAREL Balance Sheet December 31 Contingent Sability Common stock Retained earnings Total abilities and stockholders equity S 5 $ 2025 Year 2.300.000 $ 1,500,000 2.800,000 11.000.000 (2.000.000) 15,600,000 $ 1,450,000 $ 1.500.000 8.000.000 4.650,000 2024 800.000 2200 000 1,700,000 11,000,000 (1.000.000) 14.700.000 1.700.000 1.000.000 8,000,000 4.000.000 S 15.600.000 $ 14.700.000 Increase (Decrease) Amount

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 FEDERER SPORTS APPAREL Balance Sheet December 31 Contingent Sability Common stock Retained earnings Total abilities and stockholders equity S 5 $ 2025 Year 2.300.000 $ 1,500,000 2.800,000 11.000.000 (2.000.000) 15,600,000 $ 1,450,000 $ 1.500.000 8.000.000 4.650,000 2024 800.000 2200 000 1,700,000 11,000,000 (1.000.000) 14.700.000 1.700.000 1.000.000 8,000,000 4.000.000 S 15.600.000 $ 14.700.000 Increase (Decrease) Amount

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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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 liability Common stock Retained earnings Total liabilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 2025 $ Year 2024 $ 2,431,000 $ 754,000 1,581,000 1,305,000 3,128,000 1,595,000 11,832,000 11,832,000 (1,972,000) (986,000) $ 17,000,000 $ 14,500,000 1,496,000 $ 1,360,000 7,888,000 6,256,000 3,656,000 $ 17,000,000 $ 14,500,000 1,856,000 1,100,000 7,888,000 Increase…
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