2. Prepare a horizontal analysis for 2016 using 2015 as the base year. (Decrease

Question

2.

Prepare a horizontal analysis for 2016 using 2015 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.)

Exercise 12-4 Part 2 2. Prepare a horizontal analysis for 2016 using 2015 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2016 2015 Amount Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation $3,168,000 $ 819,000 1,443,000 2,223,000 16,302,000 (2,574,000)(1,287,000) $ 22,000,000$ 19,500,000 1,804,000 3,300,000 16,302,000 Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings $1,936,000 $ 2,496,000 0 8,580,000 8,424,000 $ 22,000,000 $ 19,500,000 2,156,000 8,580,000 9,328,000 lotal liabilities and stockholders' equity

Explanation / Answer

Solution:

FEDERED SPORTS APPAREL Balance Sheet Dec-31 Year Increase ( Decrease ) 2016 2015 Amount % Assets Cash 3,168,000 819,000 2,349,000 286.81% Accounts receivables 1,804,000 1,443,000 361,000 25.02% Inventory 3,300,000 2,223,000 1,077,000 48.45% Buildings 16,302,000 16,302,000 0 0.00% Less: Accumulated Depreciation -2,574,000 -1,287,000 -1,287,000 100.00% Total Assets 22,000,000 19,500,000 2,500,000 12.82% Liabilities and stockholer's equity Accounts payable 1,936,000 2,496,000 -560,000 -22.44% Contingent liability 2,156,000 0 2,156,000 Common Stock 8,580,000 8,580,000 0 0.00% Retained Earnings 9,328,000 8,424,000 904,000 10.73% Total liabilities and stockholer's equity 22,000,000 19,500,000 2,500,000 12.82%

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.