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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 89PSA
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Question
s
![$
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F012be4ac-25f7-4b84-9847-d3cc80340491%2Ff4c697c1-ca46-4d16-877b-a1be3d3b1833%2Fc2qsywd_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
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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