Question: Using these data from the comparative balance sheet of Ivanhoe Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022
Using these data from the comparative balance sheet of Ivanhoe Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)
| Dec. 31, 2022 | Dec. 31, 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Amount | Percentage | Amount | Percentage | |||||||
| Accounts receivable | $ 362,700 | Enter a value in percentages rounded to 1 decimal place. | % | $ 310,000 | Enter a value in percentages rounded to 1 decimal place. | % | ||||
| Inventory | $ 677,600 | Enter a value in percentages rounded to 1 decimal place. | % | $ 560,000 | Enter a value in percentages rounded to 1 decimal place. | % | ||||
| Total assets | $3,139,500 | Enter a value in percentages rounded to 1 decimal place. | % | $2,730,000 | Enter a value in percentages rounded to 1 decimal place. | % | ||||
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