Question: Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Accounts payable Long-term debt Current Year Previous Year $45,795 64,009

Horizontal Analysis The comparative accounts payable and long-term debt balances for a

Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Accounts payable Long-term debt Current Year Previous Year $45,795 64,009 $64,500 52,900 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 Long-term debt $ Percentage % %

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