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Dont know why I got it wrong! :( Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year

image text in transcribedDont know why I got it wrong! :(

Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $60,400 $71,272 49,680 Long-term debt 62,100 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 10,872 Increase 15 X % Long-term debt 12,420 Decrease -25 X %

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