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 PercentageAccounts 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. %

Formula: Change in Accounts receivable: = Balance of December 31, 2022 - Balance of December 31,…

Answered: Using these data from the comparative…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 9SPB

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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%.)

			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.	%

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