1 answer

Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous...

Question:

  1. 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 $ %

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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