Question: Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below. Current Year Previous Year Accounts payable $94,320 $78,600 Long-term


Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below. Current Year Previous Year Accounts payable $94,320 $78,600 Long-term debt 54,852 65,300 Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Ester all answers as positive numbers Amount of Change Increase/Decrease Percentage Accounts payable Long-term debt 95 Vertical Analysis Income statement Information for Einsworth Corporation follows: Sales $269,000 Cost of goods sold 86,080 Gross profit 182,920 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $269,000 Cost of goods sold 86,080 Gross profit $182,920 25 Inventory Analysis A company reports the following: Cost of goods sold $547,500 Average Inventory 73,000 Determine (a) the inventory tumover and (b) the number of day sales in inventory. Round Interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year a. Inventory turnover 5. Number of days' sales in Inventory days
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