Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $41,587 $45,700 Long-term debt 42,401 38,900 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable $fill in the blank fill in the blank % Long-term debt $fill in the blank fill in the blank %
Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $41,587 $45,700 Long-term debt 42,401 38,900 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable $fill in the blank fill in the blank % Long-term debt $fill in the blank fill in the blank %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Horizontal Analysis
The comparative accounts payable and long-term debt balances for a company follow.
| Current Year | Previous Year | |
| Accounts payable | $41,587 | $45,700 |
| Long-term debt | 42,401 | 38,900 |
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a
| Amount of Change | Increase/Decrease | Percentage | |
| Accounts payable | $fill in the blank |
|
fill in the blank % |
| Long-term debt | $fill in the blank |
|
fill in the blank % |
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