Summary financial information for Ivanhoe Company is as follows.

Compute the amount and percentage changes in 2017 using horizontal analysis, assuming 2016 is the base year.

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Current assets Plant assets Total assets Dec. 31, 2017 $ 221,400 1,238,500 $1,459,900 Dec. 31, 2016 $ 267,600 812,600 $1,080,200 Current assets Plant assets Total assets $ Amount Percent % % % Current assets Plant assets Total assets Dec. 31, 2017 $ 221,400 1,238,500 $1,459,900 Dec. 31, 2016 $ 267,600 812,600 $1,080,200 Current assets Plant assets Total assets $ Amount Percent % % %

Answer rating: 100% (QA)

Amount Current Assets 221400267... View the full answer