Using these data from the comparative balance sheet of Ivanhoe Company, perform horizontal analysis. (If amount and percentage are adecrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)Increase or (Decrease)Dec. 31, 2022Dec. 31, 2021AmountPercentageAccounts receivable$ 487,200$ 420,0002$Inventory$ 804,000$ 670,000$Total assets$3,237,600$2,840,000eTextbook and MediaSave for LaterAttempts: 0 of 3 usedSubmit Answer%24

A company's financial information from two or more periods is compared in a horizontal examination…

Using these data from the comparative balance sheet 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%). Round percentages to 0 decimal places, e.g. 12%.)

Using these data from the comparative balance sheet 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%). Round percentages to 0 decimal places, e.g. 12%.)

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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Question

Using these data from the comparative balance sheet 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%). Round percentages to 0 decimal places, e.g. 12%.)
Increase or (Decrease)
Dec. 31, 2022
Dec. 31, 2021
Amount
Percentage
Accounts receivable
$ 487,200
$ 420,000
2$
Inventory
$ 804,000
$ 670,000
$
Total assets
$3,237,600
$2,840,000
eTextbook and Media
Save for Later
Attempts: 0 of 3 used
Submit Answer
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