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Please answer ASAP Required information [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024
Please answer ASAP
Required information [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock FEDERER SPORTS APPAREL Retained earnings Total liabilities and stockholders' equity Balance Sheet December 31 2025 $ Year 2024 2,640,000 $ 990,000 1,820,000 1,512,000 3,300,000 2,178,000 14,400,000 14,400,000 (2,160,000) (1,080,000) $ 20,000,000 $ 18,000,000 $ 1,640,000 $ 2,178,000 1,900,000 1,160,000 9,360,000 9,360,000 7,100,000 5,302,000 $ 20,000,000 $ 18,000,000 Increase (Decrease) Amount %
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