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Please help me solve this! Required information [The following information applies to the questions displayed below] The balance sheets for Company A for Year 2
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Required information [The following information applies to the questions displayed below] The balance sheets for Company A for Year 2 and Year 1 are presented below. 2. Prepare a horizontal analysis for Year 2 using Year 1 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.) COMPANY A Balance Sheet December 31 Increase (Decrease) Amount Year 2 Year 1 Assets Cash $ 2,430,000 Accounts receivable 1,530,000 AIRA MANT Year $ 759,500 1,193,500 Anl Required information Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity COMPANY A Balance Sheet December 31 Year 2 $ 2,430,000 $ 759,500 1,530,000 1,193,500 3,438,000 1,829,000 12,834,000 12,834,000 (2,232,000) (1,116,000) $ 18,000,000 $ 15,500,000 $ 1,602,000 $ 1,968,500 1,764,000 7,254,000 7,254,000 7,380,000 6,277,500 $ 18,000,000 $ 15,500,000 Year Year 1 Increase (Decrease) Amount % Step by Step Solution
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