Using these data from the comparative balance sheet of Ivanhoe Company, perform horizontal analysis. (If amount and percentage are adecrease 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, 2022Dec. 31, 2021AmountPercentageAccounts receivable$ 487,200$ 420,0002$Inventory$ 804,000$ 670,000$Total assets$3,237,600$2,840,000eTextbook and MediaSave for LaterAttempts: 0 of 3 usedSubmit Answer%24

A company's financial information from two or more periods is compared in a horizontal examination…

Answered: Using these data from the comparative…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 5E

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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%.)