Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous...
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Horizontal Analysis
The comparative temporary investments and inventory balances of a company follow.
Current Year Previous Year Accounts payable $96,375 $77,100 Long-term debt 32,412 43,800 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?
Amount of Change Increase/Decrease Percentage Accounts payable $ % Long-term debt $ %
Homework Answers
| Amount of Change | Increase/Decrease | Percentage | |
| Accounts payable |
$19,275 ($96,375-$77,100) |
Increase |
25% ($19,275 / $77,100) |
| Long-term debt |
-$11,388 ($32,412- $43,800) |
Decrease |
-26% (-$11,388 /$43,800) |
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Horizontal
Analysis
The comparative
temporary investments and inventory balances of a company
follow.
Current Year
Previous...
Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Accounts...
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