Exercise 12-4 (Algo) Part 2 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 2,370,000 $ 948,000 1,215,000 972,000 4,275,000 2,280,000 8,460,000 8,460,000 (1,320,000) (660,000) $ 15,000,000 $12,000,000 2024 1,725,000 $ 1,500,000 1,470,000 1,010,000 6,000,000 6,000,000 5,805,000 3,490,000 $ 15,000,000 $ 12,000,000 Increase (Decrease) Amount %
Exercise 12-4 (Algo) Part 2 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 2,370,000 $ 948,000 1,215,000 972,000 4,275,000 2,280,000 8,460,000 8,460,000 (1,320,000) (660,000) $ 15,000,000 $12,000,000 2024 1,725,000 $ 1,500,000 1,470,000 1,010,000 6,000,000 6,000,000 5,805,000 3,490,000 $ 15,000,000 $ 12,000,000 Increase (Decrease) Amount %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 12-4 (Algo) Part 2
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
2,370,000 $
948,000
1,215,000
972,000
4,275,000
2,280,000
8,460,000
8,460,000
(1,320,000)
(660,000)
$ 15,000,000 $ 12,000,000
2024
1,725,000 $ 1,500,000
1,470,000
1,010,000
6,000,000
6,000,000
5,805,000
3,490,000
$ 15,000,000 $ 12,000,000
Increase (Decrease)
Amount
%
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