Horizontal analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable Long-term debt $29,592 77,658 $41,100 60,200 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 Accounts payable 11,508 Decrease Long-term debt 17,458 Increase Percentage 2.8 X % 2.9 X %

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6DQ: What do the following data, taken from a comparative balance sheet, indicate about the companys...
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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
Long-term debt
$29,592
77,658
$41,100
60,200
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
Accounts payable
11,508
Decrease
Long-term debt
17,458
Increase
Percentage
2.8 X %
2.9 X %
Transcribed Image Text:Horizontal analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable Long-term debt $29,592 77,658 $41,100 60,200 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 Accounts payable 11,508 Decrease Long-term debt 17,458 Increase Percentage 2.8 X % 2.9 X %
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