I have done the horizontal analysis current year is 20×2 previous year is 20×1

however, cannot answer this

Based on the inferences you make from your horizontal analysis, discuss any improvements and/or changes that may have occurred since the prior year. Consider addressing the items that the Board of Directors requested information on throughout the project: (1) Accounts Receivables and the process for uncollectible accounts; (2) Payroll Liabilities as well as other Current or Long-Term liabilities; and (3) the types of investments held by ABC Company. Keep in mind the intended audience of your presentation.

after analysis

before analysis A C F G 1 ABC COMPANY 2 BALANCE SHEET 3 At December 31, 20X2 and December 31, 20X1 Dollar Change 4 20X2 20X1 % Change 5 Assets 6 Current Assets 7 Cash and cash equivalents 8 Trading Securities 9 Accounts receivable 182,225 143,010 39,215 27,4% 48,000 39,600 8,400 21.2% 43.6 % 28,000 19,500 8,500 (2,900) 10 Allowance for doubtful accounts (5,000) (2,100) 72.4% 11 Accounts receivable, net 23,000 16,600 6,400 38.6% -31.9 % 12 Inventories 2,450 3,600 (,150) (550) 13 Prepaid expenses and other reccivables 200 750 -73.3% 26.7 % 14 Available-for-sale sccurities 17,750 14,005 3,745 234,165 15 Total current assets 296,625 62,460 26.7% 16 1.84 % 17 Property, plant and equipment, net 18 Intangible Assets 304,550 299,050 5,500 300 300 0 0.0% 533,515 12.74% 19 Total assets 601,475 67.960 20 21 Liabilities and Shareholders' Equity 22 Current Liabilities 23 Salaries Payable 24 FICA-Social Security Taxes Payable 85,000 61,950 23.050 37,21% 37,20% 10,540 7,682 2,858 25 FICA-Medicare Taxes Payable 26 Employee Federal Income Taxes Payable 27 State Unemployment Taxes Payable 28 Federal Unemployment Taxes Payable 29 Notes payable or current portion of long-tem debt 30 Accounts payable 2,465 1,797 668 37.17% 8,500 6,000 2,500 41.67% 40.00 % 756 540 216 84 60 24 40.00% 24,000 24,000 0 0.00% -17.71% 14,030 17,050 (3,020) 31 Total current liabilities 145,375 119,079 26,296 22.08% 32 -18.69 % 33 Long-term debt 104,400 128,400 (24,000) 0.93% 34 Total liabilities 249,775 247,479 2,296 35 36 Sharcholders' equity 37 Common stock, $10 per valuc; 50,000 shares authorized; 20,000 shares issued and outstanding 200,000 200,000 0 0.00% 38 Retained camings 65,664 151,700 86,036 76.32% 39 40 Total sharehold ers' equity 41 Total liabilities and sharehold ers' equity 65,664 22.96% 351,700 286,036 67,960 601,475 533,515 12.74% 42 43 44 A АВС СОМPANY 1 2 BALANCE SHEET 3 At December 31, 20X2 and December 31, 20x Dollar Change 4 20X2 20X1 % Change 5 Assets 6 Current Assets 7 Cash and cash equivalents 8 Trading Socurities 182,225 143,010 48,000 39,600 9 Accounts receivable 28,000 19,500 10 Allowance for doubtfiul accounts (5,000) (2,900) 11 Accounts reccivable, net 12 Inventories 13 Prepaid expenses and other reccivables 23,000 16,600 2,450 3,600 200 750 14 Available-for-sale securities 17,750 14,005 15 Total current assets 16 296,625 234,165 17 Property, plant and equipment, net 18 Intangible Assets 19 Total assets 304,550 299,050 300 300 S 601,475 533,515 20 21 Liabilities and Shareholders' Equity 22 Current Liabilities 23 Salaries Payable 85,000 61,950 24 FICA-Social Security Taxes Payable 10,540 7,682 25 FICA-Medicare Taxes Payable 2,465 1,797 26 Employee Federal Income Taxes Payable 8,500 6,000 27 State Unemployment Taxes Payable 756 540 28 Federal Unemployment Taxes Payable 29 Notes payable or current portion of long-term debt 30 Accounts payable 84 60 S 24,000 24,000 14,030 17,050 31 Total current liabilities 145,375 119,079 32 33 Long-term debt 104,400 128,400 34 Total liabilities S 249,775 247,479 35 36 Sharcholders' equity 37 Common stock, $10 per value; 50,000 shares authorized; 20,000 shares issued and outstanding 38 Retained camings 39 200,000 200,000 151,700 86,036 40 Total sharcholders' equity 41 Total liabilities and sharehold ers' equity 351,700 286,036 601.475 533,515 42

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