Summary financial information for Ivanhoe Company is as follows. Current assets Plant assets Total assets Current assets Plant assets Dec. 31, 2022 $ 238,800 1,323,000 Total assets $1,561,800 Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) $ Dec. 31, 2021 $263,900 $ 825,300 Amount $1,089,200 Percent % % %
Summary financial information for Ivanhoe Company is as follows. Current assets Plant assets Total assets Current assets Plant assets Dec. 31, 2022 $ 238,800 1,323,000 Total assets $1,561,800 Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) $ Dec. 31, 2021 $263,900 $ 825,300 Amount $1,089,200 Percent % % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Subject: acounting
Transcribed Image Text:Summary financial information for Ivanhoe Company is as follows.
Current assets
Plant assets
Total assets
Current assets
Plant assets
Dec. 31, 2022
$ 238,800
1,323,000
Total assets
$1,561,800
Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the base year. (If amount and
percentage are a decrease show the numbers as negative, e.g. -55,000, -20 % or (55,000), (20%). Round percentages to 1
decimal place, e.g. 12.1%.)
$
Dec. 31, 2021
$263,900
$
825,300
Amount
$1,089,200
Percent
%
%
%
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