2024 Year Increase (Decrease) 2023 Amount Assets Current assets: Cash Accounts receivable Inventory Supplies $ 206,400 $ 292,500 1,104,000 1,237,500 2,371,200 1,575,000 182,400 135,000 Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock 1,584,000 1,584,000 (648,000) (324,000) $ 4,800,000 $4,500,000 $ 201,600 $ 117,000 0 4,500 72,000 72,000 1,368,000 1,368,000 922,500 922,500 Retained earnings 2,235,900 2,016,000 Total liabilities and stockholders' equity $ 4,800,000 $ 4,500,000 %

please help me understand why it was marked wrong.

All answers are correct except:  At what amount will Fuzzy Monkey report its investment in the December 31, 2024 balance sheet?

Which of the following formulas correctly calculates the return on total assets for 2023? Hint: Remember that Excel uses the order of operations. PARENTHESES then EXPONENTS then MULTIPLICATION and DIVISION then ADDITION and SUBTRACTION. Use parentheses around any calculations in either the numerator or denominator. Multiple Choice =+B8/AVERAGE(B17:C17) =AVERAGE(B17:C17)/+B8 =+B8/SUM(B17:C17)/2 =+B8/SUM(B17:C17/2)

The balance sheets for Fantasy Football for 2021 and 2020 are provided below. FANTASY FOOTBALLBalance SheetsDecember 31   2021 2020 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 Long-term liabilities: Notes payable Stockholders’ equity: Common stock Retained earnings Total liabilities and stockholders’ equity     $ 208,000 856,000 1,900,000 124,000   1,292,000 (380,000) $ 4,000,000     $ 168,000 0 76,000   760,000   786,600 2,209,400 $ 4,000,000     $ 262,200 999,400 1,349,000 87,400   1,292,000 (190,000) $ 3,800,000     $ 129,200 3,800 76,000   760,000   786,600 2,044,400 $ 3,800,000 Required: 1. Prepare a vertical analysis of Fantasy Football’s 2021 and 2020 balance sheets. Express each amount as a percentage of total assets for that year. 2. Prepare a horizontal…

ETYMISHTE 16598 (AIYv, i un Miyul 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 Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Answer is complete but not entirely correct. FANTASY FOOTBALL Balance Sheets December 31 $ 2024 Year 2023 190,800 $ 284,800 748,800 835,200 1,839,600 1,094,400 158,400 92,800 1,123,200 1,123,200 (460,800) (230,400) $ 3,600,000 $ 3,200,000 $ 151,200 $ 80,000 0 3,200 86,400 86,400 950,400 950,400 Increase (Decrease) Amount % 94,000,000 86,400,000 X…

Required information Skip to question [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.)  Prepare a horizontal analysis for 2022 using 2021 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.)

H2.

Please break down the forumula and where you got the information to put in EACH part of calculation. 2021: ($162,000 x 8/36  x 3/12)2022: ($153,000 x 8/36 x 9/12+($153,000-($153,000 x 8/36 x 9/12) x 7/36 x 3/12)2023: ($121,302.08 x 7/36 x 9/12+($121,302.08-($121,302.08 x 7/36 x 9/12) x 6/36 x 3/12) Step by step because it is unclear. Why is there 9/12 and 3/12. And 2021 has 8/36 in the first half.2022 has 8/36 there as well in the first half, then it in 2023, it changes to 7/36. Please explain

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