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[The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Exercise 12-4
[The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Exercise 12-4 (Algo) Part 2 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 Retained earnings Total liabilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 $ 2025 Year 2024 3,045,000 $ 988,000 1,743,000 1,368,000 3,045,000 2,280,000 15,561,000 15,561,000 (2,394,000) (1,197,000) $ 21,000,000 $ 19,000,000 $ 1,827,000 $ 2,337,000 1,827,000 1,180,000 8,778,000 8,778,000 8,568,000 6,705,000 $ 21,000,000 $ 19,000,000 Increase (Decrease) Amount %
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