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

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.

%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!