imiyul 2. Prepare a horizontal analysis of Fantasy Football'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.) Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable X Answer is complete but not entirely correct. FANTASY FOOTBALL Balance Sheets December 31 Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ 2024 Year 190,800 $ 748,800 1,839,600 158,400 $ 151.200 0 86,400 2023 1,123,200 1,123,200 (460,800) (230,400) $ 3,600,000 $ 3,200,000 950,400 284,800 835,200 1,094,400 92,800 $ 80,000 3,200 86.400 950,400 $ Increase (Decrease) Amount X 94,000,000 86,400,000 X 745,200✔ 65,600✔ 0✔ (230,400) ✔ 400,000✔ 71,200✔ (3,200) 0♥ 0✔ 713,600 713,600 0✔ 1,698,400 1,366,400 332,000✔ $ 3,600,000 $ 3,200,000 $ 400,000 % (33.0) (10.3) 68.1✔ 70.7 0.0 100.0✔ 12.5 89.0 (100.0) 0.0✔ 0.0✔ 0.0 24.3✔ 12.5

imiyul 2. Prepare a horizontal analysis of Fantasy Football'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.) Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable X Answer is complete but not entirely correct. FANTASY FOOTBALL Balance Sheets December 31 Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ 2024 Year 190,800 $ 748,800 1,839,600 158,400 $ 151.200 0 86,400 2023 1,123,200 1,123,200 (460,800) (230,400) $ 3,600,000 $ 3,200,000 950,400 284,800 835,200 1,094,400 92,800 $ 80,000 3,200 86.400 950,400 $ Increase (Decrease) Amount X 94,000,000 86,400,000 X 745,200✔ 65,600✔ 0✔ (230,400) ✔ 400,000✔ 71,200✔ (3,200) 0♥ 0✔ 713,600 713,600 0✔ 1,698,400 1,366,400 332,000✔ $ 3,600,000 $ 3,200,000 $ 400,000 % (33.0) (10.3) 68.1✔ 70.7 0.0 100.0✔ 12.5 89.0 (100.0) 0.0✔ 0.0✔ 0.0 24.3✔ 12.5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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