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
icon
Related questions
Question
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
Inventory
Buildings
Less: Accumulated depreciation
Total assets
Liabilities and Stockholders' Equity
Accounts payable
ble
Contingent liability
Common stock
Retained earnings
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 $
1,450,000 $
1,500,000
8,000,000
2024
< Prev
800,000 $
2,200,000
1,700,000
11,000,000
(1,000,000)
14,700,000 $
Increase (Decrease)
Amount
1,700,000 $ (2,500,000)
1,000,000
15,000,000
8,000,000
4,650,000
4,000,000
S 15,600,000 $ 14,700,000 $
8m
1,500,000
300,000
1,100,000
of 5
0
(1,000,000)
1,900,000
o
650,000
1,900,000
%
187.5
25.0
64.7
0
100.0
13.9
(14.7)
100.0
0
16.3
13.9
Next >
Transcribed Image Text: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 Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable ble Contingent liability Common stock Retained earnings 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 $ 1,450,000 $ 1,500,000 8,000,000 2024 < Prev 800,000 $ 2,200,000 1,700,000 11,000,000 (1,000,000) 14,700,000 $ Increase (Decrease) Amount 1,700,000 $ (2,500,000) 1,000,000 15,000,000 8,000,000 4,650,000 4,000,000 S 15,600,000 $ 14,700,000 $ 8m 1,500,000 300,000 1,100,000 of 5 0 (1,000,000) 1,900,000 o 650,000 1,900,000 % 187.5 25.0 64.7 0 100.0 13.9 (14.7) 100.0 0 16.3 13.9 Next >
14
00:09:33
Retained earnings represents:
Multiple Choice
O
O
Amount of cash available for paying dividends.
Net income minus dividends for the current year
All net income, less all dividends, since the company began operations.
Total assets minus total liabilities
+
Transcribed Image Text:14 00:09:33 Retained earnings represents: Multiple Choice O O Amount of cash available for paying dividends. Net income minus dividends for the current year All net income, less all dividends, since the company began operations. Total assets minus total liabilities +
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting for Income Taxes
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education