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 FEDERER SPORTS APPAREL Balance Sheet December 31 Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 2025 Year 2024 $ 1,820,000 $ 625,000 1,386,000 1,000,000 3,054,000 2,125,000 9,800,000 9,800,000 (2,100,000) (1,050,000) $ 14,000,000 $12,500,000 $ 1,372,000 S 1,225,000 1,316,000 1,060,000 6,650,000 6,650,000 4,662,000 3,565,000 $ 14,000,000 $ 12,500,000 Increase (Decrease) Amount
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 FEDERER SPORTS APPAREL Balance Sheet December 31 Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 2025 Year 2024 $ 1,820,000 $ 625,000 1,386,000 1,000,000 3,054,000 2,125,000 9,800,000 9,800,000 (2,100,000) (1,050,000) $ 14,000,000 $12,500,000 $ 1,372,000 S 1,225,000 1,316,000 1,060,000 6,650,000 6,650,000 4,662,000 3,565,000 $ 14,000,000 $ 12,500,000 Increase (Decrease) Amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Accounts receivable
Inventory
Buildings
Less: Accumulated depreciation
Total assets;
Liabilities and Stockholders' Equity
Accounts payable
Contingent liability
Common stock
Retained earnings
Total liabilities and stockholders' equity
2025
$
Year
2024
1,820,000 $
625,000
1,386,000
1,000,000
3,094,000
2,125,000
9,800,000
9,800,000
(2,100,000) (1,050,000)
$ 14,000,000 $ 12,500,000
$ 1,372,000 $1,225,000
1,316,000
1,060,000
6,650,000
6,650,000
4,662,000
3,565,000
$ 14,000,000 $ 12,500,000
Increase (Decrease)
Amount
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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
FEDERER SPORTS APPAREL
Balance Sheet
December 31
Accounts receivable
Inventory
Buildings
Less: Accumulated depreciation
Total assets;
Liabilities and Stockholders' Equity
Accounts payable
Contingent liability
Common stock
Retained earnings
Total liabilities and stockholders' equity
2025
$
Year
2024
1,820,000 $
625,000
1,386,000
1,000,000
3,094,000
2,125,000
9,800,000
9,800,000
(2,100,000) (1,050,000)
$ 14,000,000 $ 12,500,000
$ 1,372,000 $1,225,000
1,316,000
1,060,000
6,650,000
6,650,000
4,662,000
3,565,000
$ 14,000,000 $ 12,500,000
Increase (Decrease)
Amount
37
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