Question: Horizontal analysis The comparitive accounts payable and long term debt balances for a company fallow. --------------Current Year. Previous Year Accounts payable- $52,056. $72,300 Long term

Horizontal analysis

The comparitive accounts payable and long term debt balances for a company fallow.

--------------Current Year. Previous Year

Accounts payable- $52,056. $72,300

Long term debt - 61,065. 53,100

Based on this info what is the amount and percentage of increase or decrease that would be shiwn on a balance sheet with horizontal analysis? Enter all answers as positive numbers.

Amount of change. Increase/Decrease

accounts payable $________. ____________

Long term debt $__________. ____________

accounts payable _______%

long term debt. __________%

28 MA i v cengagenow com D C vity Take: Practice! Horizontal Analysis tpt mogointe inolins

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