Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below....
Horizontal Analysis
The comparative accounts payable and long-term debt balances of a company are provided below.
| Current Year | Previous Year | |
| Accounts payable | $52,076 | $55,400 |
| Long-term debt | 77,066 | 68,200 |
Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Enter all answers as positive numbers.
| Amount of Change | Increase/Decrease | Percentage | |
| Accounts payable | $ | % | |
| Long-term debt | $ | % |
Homework Answers
Calculate following
| Amount of change | Increase / Decrease | Percentage | |
| Account payable | (52076-55400) = -3324 | Decrease | 3324/55400 = -6% |
| Long term debt | (77066-68200) = 8866 | Increase | 8866/68200 = 13% |
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Dec. 31, 2022
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Percentage
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$Enter increase or decrease
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Enter increase or decrease in
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Inventory
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$...
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Company, perform horizontal analysis. (If amount and
percentage are a decrease show the numbers as negative, e.g.
-55,000, -20% or (55,000), (20%). Round percentages to 0 decimal
places, e.g. 12%.)
Increase or (Decrease)
Dec. 31, 2022
Dec. 31, 2021
Amount
Percentage
Accounts receivable
$ 345,000
$ 300,000
$Enter increase or decrease
amount in dollars.
Enter increase or decrease in
percentages rounded to 0 decimal places.
%
Inventory
$ 649,000
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