8.

Module 7 Problem Set Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $85,785 $66,500 52,002 Long-term debt 64,200 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? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Increase % Accounts payable Long-term debt Decrease %