**Current Attempt in Progress**Using these data from the comparative balance sheets of Ivanhoe Company, perform horizontal analysis. *(If amount and percentage are a decrease show the numbers as negative, e.g., -55,000, -20% or (55,000), (20%).)*| | December 31, 2022 | December 31, 2021 | Increase or (Decrease) || --- | --- | --- | --- || | | | Amount | Percentage || Accounts receivable (net) | $496,800 | $414,000 | $ | % || Inventory | 787,500 | 630,000 | $ | % || Total assets | 3,188,360 | 2,702,000 | $ | % |Graphs or Diagrams: There are no graphs or diagrams included in this image. The table provides financial data for horizontal analysis for Ivanhoe Company, comparing two consecutive years (2022 and 2021).**Note:**- For calculating the **Amount** of increase or decrease: subtract the 2021 value from the 2022 value.- For calculating the **Percentage** of increase or decrease: (Amount of increase or decrease / 2021 value) × 100. Indicate as negative if the value is a decrease.**Example Calculation:**Assume a line item from the balance sheet shows $600,000 in 2022 and $500,000 in 2021.- Amount: $600,000 - $500,000 = $100,000- Percentage: ($100,000 / $500,000) × 100 = 20%**Reference:**- eTextbook and Media

Current Attempt in Progress Using these data from the comparative balance sheets of Ivanhoe Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%).) Accounts receivable (net) Inventory Total assets e Textbook and Media December 31, 2022 $496,800 787,500 3,188,360 December 31, 2021 $414,000 SA VA 630,000 $ 2,702,000 $ SA Amount Increase or (Decrease) Percentage % % %

Current Attempt in Progress Using these data from the comparative balance sheets of Ivanhoe Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%).) Accounts receivable (net) Inventory Total assets e Textbook and Media December 31, 2022 $496,800 787,500 3,188,360 December 31, 2021 $414,000 SA VA 630,000 $ 2,702,000 $ SA Amount Increase or (Decrease) Percentage % % %

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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H1. Account FILL BOTH TABLES please
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LAG Network Inc.'s balance sheet and income statement are as follows: LAG Network Inc. Income Statement For Year Ended December 31, 2020 Sales Cost of goods sold. Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations. Income taxes Profit $ 25,200 235,800 $ 930,600 558,200 $ 372,400 261,000 $ 111,400 20,600 $ 90,800
Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then complete the following. BEAN SUPERSTOREComparative Balance SheetDecember 31, 2017, 2018, and 2019 2019 2018 2017 Assets Cash $346,600 $330,460 $300,000 Accounts Receivable 65,000 65,000 59,000 Inventory 145,830 178,011 155,205 Equipment 100,465 101,202 103,085 Total Assets $657,895 $674,673 $617,290 Liabilities Salaries Payable $90,200 $88,563 $84,209 Accounts Payable 70,000 71,670 69,331 Notes Payable 42,000 50,650 58,250 Equity Common Stock 22,695 21,490 19,100 Retained Earnings 433,000 442,300 386,400 Total Liabilities and Equity $657,895 $674,673 $617,290 LEGUMES PLUSComparative Balance SheetDecember 31, 2017, 2018, and 2019 2019 2018 2017 Assets Cash $407,000 $388,450 $356,367 Accounts Receivable…
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Assume Metro Company had a net income of $2,100 for the year ending December 2018. Its beginning and ending total assets were $30,000 and $18,000, respectively. Calculate Metro's return on assets (ROA). (Round your percentage answer to two decimal places.) A. 7% B. 11.67% C. 4.38% D. 8.75%
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