Horizontal Analysis

The comparative accounts payable and long-term debt balances for a company follow.

	Current Year	Previous Year
Accounts payable	$62,348	$57,200
Long-term debt	35,196	41,900

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
Accounts payable	$fill in the blank 1	Increase	fill in the blank 3 %
Long-term debt	$fill in the blank 4	Decrease	fill in the blank 6 %

Feedback

Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages.

Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $62,348 $57,200 Long-term debt 35, 196 41,900 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 $fill in the blank 1 Increase Percentage fill in the blank 3 Accounts payable % $fill in the blank 4 fill in the blank 6 Long-term debt Decrease % Feedback Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages