Horizontal analysis The comparative accounts payable and long term debt balances for a company follow Current Year Previous Year Accounts payable $65,400 $60,000 Long term debt 35,397 43,700 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

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Question: Horizontal analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $65,400 $60,000 Long-term debt 35,397

Horizontal analysis

The comparative accounts payable and long-term debt balances for a company follow.

	Current Year	Previous Year
Accounts payable	$65,400	$60,000
Long-term debt	35,397	43,700

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.

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