Just like with vertical analysis I divided the current year by the previous year and it still says my answer is wrong. The comparative accounts payable and long-term debt balances for a company follow.Current YearPrevious YearAccounts payable$46,299$67,100Long-term debt51,97242,600Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers aspositive numbers.Amount of ChangeIncrease/DecreasePercentageAccounts payableDecreaseX %Long-term debtIncrease%

Accounts payable (AP) are amounts owed to vendors for goods or services not yet paid for. The…

Current Year Previous Year counts payable ng-term debt $46,299 $67,100 51,972 42,600 sed on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? E sitive numbers. Amount of Change Increase/Decrease Percentage counts payable Decrease X % na-term debt Increase

Current Year Previous Year counts payable ng-term debt $46,299 $67,100 51,972 42,600 sed on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? E sitive numbers. Amount of Change Increase/Decrease Percentage counts payable Decrease X % na-term debt Increase

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 1PEB

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