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Question

17.2

? oneLog in '. Cengage Cengager ×?Broward Colle (E) Homepage-1 e Chegg Study 21 Hooded Oper 21 Nap Time PH + v ? ? O ? v2 cengagenow con intake ssignmen takeAssignmen Main doi voker-assignments& takeAssignmentSessionLoca or-assignment t ? ? ?? Ch 17-2 Practice Exercises eBook Show Me How Calculator Print Item Horizontal Analysis 1. PE.17-01.ALGO 2. PE.17-02.ALGO 3. PE.17-03.ALGO 4. PE.17-04.ALGO 5. PE.17-05.ALGO 6. PE.17-07.ALGO The comparative temporary investments and inventory balances of a company follow Current Year $61,226 46,458 Previous Year $50,600 52,200 Accounts payable Long-term debt Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal aalysis? Amount of Change Increase/Decrease Percentage Accounts payable 7. PE. 17-08.ALGO Long-term debt 8. PE.17-09.ALGO 9. PE.17-10.ALGO 10. PE.17-11.ALGO Check My Work 2 more Check My Work uses remaining Next Type here to search :48 PM 4/18/2018

Explanation / Answer

Amount of change Increase/Decrease Percentage Accounts Payable ($61,226 - $50,600) = $10,626 Increase ($10,626/$50,600) = 21% Long-term debt ($46,458 - $52,200) = $5,742 Decrease ($5,742/$52,200) = 11%

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