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 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal places. % Inventory $ 804,000 $ 670,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. % Total assets $3,237,600 $2,840,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. %
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 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal places. % Inventory $ 804,000 $ 670,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. % Total assets $3,237,600 $2,840,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Using these data from the comparative
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Increase or (Decrease)
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|||||||||
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Dec. 31, 2022
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Dec. 31, 2021
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Amount
|
Percentage
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||||||
|---|---|---|---|---|---|---|---|---|---|
|
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$ 487,200 | $ 420,000 |
$Enter increase or decrease amount in dollars.
|
Enter increase or decrease in percentages rounded to 0 decimal places.
|
% | ||||
|
Inventory
|
$ 804,000 | $ 670,000 |
$Enter increase or decrease amount in dollars.
|
Enter increase or decrease in percentages rounded to 0 decimal points.
|
% | ||||
|
Total assets
|
$3,237,600 | $2,840,000 |
$Enter increase or decrease amount in dollars.
|
Enter increase or decrease in percentages rounded to 0 decimal points.
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% |
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