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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