Question: Required information Exercise 12-4 (Algo) Prepare vertical and horizontal analyses (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for

12-2) [The following information applies to the questions displayed below.] The balance

Required information Exercise 12-4 (Algo) Prepare vertical and horizontal analyses (LO12-1, 12-2) [The following information applies to the questions displayed below.] 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.) calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decim place.)

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\begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Answer is complete and correct. } \\ \hline \multicolumn{6}{|c|}{ FEDERER SPORTS APPAREL } \\ \hline \multicolumn{6}{|c|}{ Income Statement...

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