! Required information Exercise 12-4B Prepare vertical and horizontal analyses (L012-1,...
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! Required information Exercise 12-4B Prepare vertical and horizontal analyses (L012-1, 12-2) The following information applies to the questions displayed below.] The balance sheets for Company A for Year 2 and Year 1 are presented below. Exercise 12-4B Part 2 2. Prepare a horizontal analysis for Year 2 using Year 1 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) COMPANY A Balance Sheet December 31 Year Increase (Decrease) Year 2 Year 1 Amount Assets 500,000 800,000 1,200,000 8,280,000 Cash 1,692,000 Accounts receivable 1,164,000 Inventory Buildings Less: Accumulated depreciation 2,424,000 8.280,000 (780,000) (1,560,000) S 10,000,000 S 12,000,000 Total assets Liabilities and Stockholders' Equity 1,000,000 1,128,000 Accounts payable $ 1,176,000 Contingent liability 5,520,000 5,520,000 Common stock 3,480,000 4,176,000 Retained earnings $ 12,000,000 $10,000,000 Total liabilities and stockholders' equity
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