Question: Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable Long-term debt $64,641 96,547 $74,300

Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable Long-term debt $64,641 96,547 $74,300 73,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Accounts payable 9,659 Decrease Long-term debt 22,847 Increase Feedback Percentage 9 X % 13.1 X % Check My Work Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages

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