Question: Problem 12-3A (Algo) Perform vertical and horizontal analysis (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Sports

Problem 12-3A (Algo) Perform vertical and horizontal analysis (LO12-1, 12-2) [The followinginformation applies to the questions displayed below.] The balance sheets for Sports

Problem 12-3A (Algo) Perform vertical and horizontal analysis (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2024 and 2023 are provided below. Problem 12-3A (Algo) Part 2 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. (Values to be deducted and decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 Year Increase (Decrease) 2024 2023 Amount % Assets Current assets Cash $ 232,200 $ 136,500 $ Accounts receivable 91,800 60,000 95,700 31,800 Inventory Prepaid rent 85,500 147,750 (62.250) 13,500 6,750 6,750

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