**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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