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 Answer is complete but not entirely correct. FEDERER SPORTS APPAREL Balance Sheet December 31 Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 2025 Year $ 1,712,500 $ 600,000 1,175,000 780,000 2,862,500 8,250,000 (1,500,000) $12,500,000 2024 $ 1,237,500 1,200,000 5,100,000 4,962,500 $12,500,000 1,120,000 8,250,000 (750,000) $10,000,000 Increase (Decrease) Amount % $ 1,112,500 395,000 1,742,500 00 750,000 $2,500,000 $ 1,300,000 $ (62,500) 1,120,000 80,000 5,100,000 2,480,000 2,482,500 $10,000,000 $2,500,000 33333 00 185.4 50.6 155.0 x 00 100.0 25.0 (4.8) 70 00 100.1 25.0

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 Answer is complete but not entirely correct. FEDERER SPORTS APPAREL Balance Sheet December 31 Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 2025 Year $ 1,712,500 $ 600,000 1,175,000 780,000 2,862,500 8,250,000 (1,500,000) $12,500,000 2024 $ 1,237,500 1,200,000 5,100,000 4,962,500 $12,500,000 1,120,000 8,250,000 (750,000) $10,000,000 Increase (Decrease) Amount % $ 1,112,500 395,000 1,742,500 00 750,000 $2,500,000 $ 1,300,000 $ (62,500) 1,120,000 80,000 5,100,000 2,480,000 2,482,500 $10,000,000 $2,500,000 33333 00 185.4 50.6 155.0 x 00 100.0 25.0 (4.8) 70 00 100.1 25.0

Name: 2. Prepare a horizontal analysis for 2025 using 2024 as the base year
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Description: 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 de

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 63BE: Asset Efficiency Ratios Rumsford Inc.s financial statements for 2019 indicate the following account...

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