Exercise 12-4 (Static) 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 eamings Total abilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 $ $ $ 2025 Year 2,300,000 $ 1,500,000 2,800,000 11,000,000 (2,000,000) 15,600,000 $ 2024 1,450,000 $ 1,700,000 $ 1,500,000 1,000,000 8,000,000 8,000,000 4,650,000 4,000,000 S 15,600,000 $ 14,700,000 $ Increase (Decrease) Amount 800,000 $ 1,500,000 2,200,000 1,700,000 11,000,000 (1,000,000) (1,000,000) 14,700,000 $ 1,900,000 300,000 1,100,000 D (2,500,000) 15,000,000 % 650,000 1,900,000 187.5 25.0 64.7 0 100.0 13.9 (14.7) 100.0 OFF! 0 16.3 13.9

Exercise 12-4 (Static) 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 eamings Total abilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 $ $ $ 2025 Year 2,300,000 $ 1,500,000 2,800,000 11,000,000 (2,000,000) 15,600,000 $ 2024 1,450,000 $ 1,700,000 $ 1,500,000 1,000,000 8,000,000 8,000,000 4,650,000 4,000,000 S 15,600,000 $ 14,700,000 $ Increase (Decrease) Amount 800,000 $ 1,500,000 2,200,000 1,700,000 11,000,000 (1,000,000) (1,000,000) 14,700,000 $ 1,900,000 300,000 1,100,000 D (2,500,000) 15,000,000 % 650,000 1,900,000 187.5 25.0 64.7 0 100.0 13.9 (14.7) 100.0 OFF! 0 16.3 13.9

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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