I really do not understand this question. I thought I had it down pat but it appears I am thinking wrong. Can you help? **Comparative Balance Sheet Analysis - Ivanhoe Company**Using the selected items from the comparative balance sheet of Ivanhoe Company, we will illustrate both horizontal (using 2020 as the base year) and vertical analysis. The vertical analysis is rounded to one decimal place, e.g., 15.2.**Data Overview:**- **Accounts Receivable:** - December 31, 2021: $754,350 - December 31, 2020: $677,250- **Inventory:** - December 31, 2021: $452,610 - December 31, 2020: $367,220- **Total Assets:** - December 31, 2021: $3,210,000 - December 31, 2020: $3,010,000**Horizontal Analysis:**- **Accounts Receivable:** - Increase from 2020 to 2021: 11.38% - Decrease from 2021 to 2020: -10.22%- **Inventory:** - Increase from 2020 to 2021: 23.25% - Decrease from 2021 to 2020: -18.87%- **Total Assets:** - Increase from 2020 to 2021: 6.64% - Decrease from 2021 to 2020: -6.23% This analysis provides insights into the financial changes between the years, helping to identify trends and make informed business decisions. **Vertical Analysis**The table below shows a vertical analysis for December 31, 2021, and December 31, 2020. There are three rows where percentage values will be filled in for each year.- **December 31, 2021**: - Row 1: [Value Box] % - Row 2: [Value Box] % - Row 3: [Value Box] %- **December 31, 2020**: - Row 1: [Value Box] % - Row 2: [Value Box] % - Row 3: [Value Box] %Vertical analysis helps in comparing the relative sizes of financial statement items with a base figure, aiding in understanding the composition of balance sheets or income statements over time.

Introduction:- Horizontal analysis interprets the change in financial statements over two or more…

sing the following selected items from the comparative balance sheet of Ivanhoe Company, illustrate horizontal (using 2020 as the se year) and vertical analysis. (Round vertical analysis to 1 decimal place, e.g. 15.2.) Accounts Receivable nventory December 31, December 31, 2021 2020 $754,350 452,610 $677,250 367,220 HORIZONTAL ANALYSIS December 31, 2021 11.38 23.25 % % December 31, 2020 -10.22 -18.87 % %

sing the following selected items from the comparative balance sheet of Ivanhoe Company, illustrate horizontal (using 2020 as the se year) and vertical analysis. (Round vertical analysis to 1 decimal place, e.g. 15.2.) Accounts Receivable nventory December 31, December 31, 2021 2020 $754,350 452,610 $677,250 367,220 HORIZONTAL ANALYSIS December 31, 2021 11.38 23.25 % % December 31, 2020 -10.22 -18.87 % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

I still don't understand and the answer to project X, Y and Z isn't correct. I got a different answer.
It keeps coming back incorrect and I can not figure out whY
What happened to the solutions to part C and D? It seems they are not available.
Im having an issue with this problem. Thank you!
A Framework for decision making: a. can help reduce the unexpected consequences of our actions. b. is not needed if the activity is legal. c. helps identify who gains the most from a decision.
the answer provided does not support the question. which makes the answer incorrect.
What is underpricing? Why is it used? What evidence do we have to support the belief that underpricing is a regular problem?
What is Descartes's account of error? How do we make one and how can we avoid making one?
Are you concerned about high deficits? Why are why not?
do you not see the solution you provided is the exact one i submitted, it says it's wrong..
It says they answers are wrong from your example.