red information [The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 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 FEDERER SPORTS APPAREL Balance Sheet December 31 2025 Year 7756 500 e 2024 80.000 Increase (Decrease) Amount %
red information [The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 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 FEDERER SPORTS APPAREL Balance Sheet December 31 2025 Year 7756 500 e 2024 80.000 Increase (Decrease) Amount %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Required information
[The following information applies to the questions displayed below.]
The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below.
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 liabilities and stockholders' equity
FEDERER SPORTS APPAREL
Balance Sheet
December 31
2025
$
Year
2024
2,756,500 $
896,000
1,720,500
1,232,000
3,367,000
2,032,000
13,024,000 13,024,000
(2,368,000) (1,184,000)
$ 18,500,000 $ 16,000.000
$ 1,591,000 $ 1,792,000
1,850,000
1,130,000
7,696,000
7,696,000
7,363,000
5,382,000
$ 18,500,000 $ 16,000,000
Increase (Decrease)
Amount
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F72c5c543-8456-4b3d-860b-c22f954d6497%2F4414583d-da35-4bb0-93ea-324c89ea3715%2Fv33buc7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below.
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 liabilities and stockholders' equity
FEDERER SPORTS APPAREL
Balance Sheet
December 31
2025
$
Year
2024
2,756,500 $
896,000
1,720,500
1,232,000
3,367,000
2,032,000
13,024,000 13,024,000
(2,368,000) (1,184,000)
$ 18,500,000 $ 16,000.000
$ 1,591,000 $ 1,792,000
1,850,000
1,130,000
7,696,000
7,696,000
7,363,000
5,382,000
$ 18,500,000 $ 16,000,000
Increase (Decrease)
Amount
%
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