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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Retained earnings
Total liabilities and stockholders equity
2025
Year
2024
$ 2.208.000 $
728,000
1.456,000
1,078.000
3,040.000
1,778.000
11,536,000 11.536,000
(2.240,000) (1.120.000)
$16.000.000 $ 14,000,000
$ 1.600.000 $1,680,000
1,392,000
1,090,000
6,048 000
6,048,000
6,960,000
5,182.000
$16.000.000 $ 14,000.000
Increase (Decrease)
Amount](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba7802e5-45d6-4531-b412-a1a2a2d4d28d%2F50094ae2-7e10-44b9-ac4b-71f056b1178f%2F1iq2ofg_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
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Retained earnings
Total liabilities and stockholders equity
2025
Year
2024
$ 2.208.000 $
728,000
1.456,000
1,078.000
3,040.000
1,778.000
11,536,000 11.536,000
(2.240,000) (1.120.000)
$16.000.000 $ 14,000,000
$ 1.600.000 $1,680,000
1,392,000
1,090,000
6,048 000
6,048,000
6,960,000
5,182.000
$16.000.000 $ 14,000.000
Increase (Decrease)
Amount
![0
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.
Required:
1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of total
assets. (Amounts to be deducted should be indicated by a minus sign. Round your 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
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Retained earnings
Total liabilities and stockholders' equity-
Amount
2025
$ 2.208,000
1,456,000
3,040,000
11,536,000
(2,240,000)
$ 16,000,000
$ 1.600.000
1,392.000
6,048,000
6,960,000
$ 16,000,000
Amount
2024
S 728,000
1,078,000
1.778,000
11.536,000
$
(5.120 000),
$14,000,000
1.680.000
1.090.000
6.048,000
5,182,000
$ 14,000,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba7802e5-45d6-4531-b412-a1a2a2d4d28d%2F50094ae2-7e10-44b9-ac4b-71f056b1178f%2F8vrn02_processed.jpeg&w=3840&q=75)
Transcribed Image Text:0
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.
Required:
1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of total
assets. (Amounts to be deducted should be indicated by a minus sign. Round your 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
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Retained earnings
Total liabilities and stockholders' equity-
Amount
2025
$ 2.208,000
1,456,000
3,040,000
11,536,000
(2,240,000)
$ 16,000,000
$ 1.600.000
1,392.000
6,048,000
6,960,000
$ 16,000,000
Amount
2024
S 728,000
1,078,000
1.778,000
11.536,000
$
(5.120 000),
$14,000,000
1.680.000
1.090.000
6.048,000
5,182,000
$ 14,000,000
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