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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 Answer is complete but not entirely correct. FEDERER SPORTS APPAREL Balance Sheet December 31 Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 2025 Year 2024 $ 1,712,500 $ 600,000 1,175,000 780,000 2,862,500 1,120,000 8,250,000 8,250,000 (1.500,000) (750,000) $12,500,000 $10,000,000 1,200,000 5,100,000 4,962,500 $12,500,000 Increase (Decrease) Amount % $1,112,500 395,000 1,742,500 00 750,000 $2,500,000 $ 1,237,500 $ 1,300,000 1,120,000 5,100,000 2,480,000 2,482,500 $10,000,000 $2,500,000 $(62,500) 80,000 00 185.4 50.6 155.0 x 00 100.0 25.0 (4.8) 70 00 100.1 25.0
Transcribed Image Text: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 Answer is complete but not entirely correct. FEDERER SPORTS APPAREL Balance Sheet December 31 Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 2025 Year 2024 $ 1,712,500 $ 600,000 1,175,000 780,000 2,862,500 1,120,000 8,250,000 8,250,000 (1.500,000) (750,000) $12,500,000 $10,000,000 1,200,000 5,100,000 4,962,500 $12,500,000 Increase (Decrease) Amount % $1,112,500 395,000 1,742,500 00 750,000 $2,500,000 $ 1,237,500 $ 1,300,000 1,120,000 5,100,000 2,480,000 2,482,500 $10,000,000 $2,500,000 $(62,500) 80,000 00 185.4 50.6 155.0 x 00 100.0 25.0 (4.8) 70 00 100.1 25.0
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