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 becalculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimalplace.)AssetsCashAccounts receivableInventoryBuildingsLess: Accumulated depreciationTotal assetsLiabilities and Stockholders' EquityAccounts payableContingent liabilityCommon stockFEDERER SPORTS APPARELBalance SheetDecember 31Retained earningsTotal liabilities and stockholders equity2025Year2024$ 2.208.000 $728,0001.456,0001,078.0003,040.0001,778.00011,536,000 11.536,000(2.240,000) (1.120.000)$16.000.000 $ 14,000,000$ 1.600.000 $1,680,0001,392,0001,090,0006,048 0006,048,0006,960,0005,182.000$16.000.000 $ 14,000.000Increase (Decrease)Amount 0Required information[The following information applies to the questions displayed below]The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below.Required:1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of totalassets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.)AssetsCashAccounts receivableInventoryBuildingsLess: Accumulated depreciationTotal assetsLiabilities and Stockholders' EquityAccounts payableContingent liabilityCommon stockFEDERER SPORTS APPARELBalance SheetDecember 31Retained earningsTotal liabilities and stockholders' equity-Amount2025$ 2.208,0001,456,0003,040,00011,536,000(2,240,000)$ 16,000,000$ 1.600.0001,392.0006,048,0006,960,000$ 16,000,000Amount2024S 728,0001,078,0001.778,00011.536,000$(5.120 000),$14,000,0001.680.0001.090.0006.048,0005,182,000$ 14,000,000

1a. Vertical Analysis -The statement of financial position is the position of the assets as on the…

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 FEDERER SPORTS APPAREL Balance Sheet December 31 Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders equity 2025 Year 2024 $ 2.208.000 $ 1.456,000 3,040.000 11,536,000 2,240,000) (1.120.000) $ 16,000,000 $14,000,000 728,000 1,078.000 4,778.000 11.536,000 $ 1.000.000 $1,680,000 1,392,000 1,000,000 6.048 000 6,048,000 6.950.000 5.182.000 $16.000.000 $ 14,000.000 Increase (Decrease) Amount

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 FEDERER SPORTS APPAREL Balance Sheet December 31 Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders equity 2025 Year 2024 $ 2.208.000 $ 1.456,000 3,040.000 11,536,000 2,240,000) (1.120.000) $ 16,000,000 $14,000,000 728,000 1,078.000 4,778.000 11.536,000 $ 1.000.000 $1,680,000 1,392,000 1,000,000 6.048 000 6,048,000 6.950.000 5.182.000 $16.000.000 $ 14,000.000 Increase (Decrease) Amount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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