Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $79,375 $63,500 Long-term debt 43,741 52,700 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.
Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $79,375 $63,500 Long-term debt 43,741 52,700 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.
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 1BE
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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 | $79,375 | $63,500 |
| Long-term debt | 43,741 | 52,700 |
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a
Transcribed Image Text:Horizontal Analysis
The comparative accounts payable and long-term debt balances for a company follow.
Current Year
Previous Year
$63,500
52,700
Accounts payable
Long-term debt
$79,375
43,741
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.
Accounts payable
Long-term debt
Amount of Change
Increase/Decrease
Percentage
%
%
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