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Required information

Exercise $12-4($Algo$)$ Prepare vertical and horizontal analyses $($LO$12-1,12-2)$

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The balance sheets for Federer Sports Apparel for $2025$ and $2024$ are presented below.

Exercise $12-4($Algo$)$ Part $2$

$2.$ Prepare a horizontal analysis for $2025$ using $2024$ as the base year. $($Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to $1$ decimal place.$)$

$\backslash$table$[[$FEDERER SPORTS APPAREL$],[$Balance Sheet$],[$December $31],[,$Year,Increase $($Decrease$)],[,,2025,,2024,$Amount,$\%],[$Assets$],[$Cash$,$$$,2,431,000,$$$,754,000,,],[$Accounts receivable,,$1,581,000,,1,305,000,,],[$Inventory$,,3,128,000,,1,595,000,,],[$Buildings$,,11,832,000,,11,832,000,,],[$Less: Accumulated depreciation,,$(1,972,000),,(986,000),,],[$Total assets,,$17,000,000,,14,500,000,,],[$Liabilities and Stockholders' Equity$],[$Accounts payable,$$,1,496,000,,1,856,000,,],[$Contingent liability,,$1,360,000,,1,100,000,,],[$Common stock,,$7,888,000,,7,888,000,,],[$Retained earnings,,$6,256,000,,3,656,000,,],[$Total liabilities and stockholders' equity,$$,17,000,000,,14,500,000,,]]$