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 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 $ 362,700 $ 310,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal places. % Inventory $ 677,600 $ 560,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. % Total assets $3,139,500 $2,730,000 $Enter increase or decrease amount in dollars.

Answer 1

Answer
	2022	2021	Amount	Percentage	Increase / ( Decrease )
Accounts Receiveble	$        362,700	$        310,000	362700-310000 = $52,700	(52700/310000)*100 = 17%	Increase
Inventory	$        677,600	$        560,000	677600-560000= $ 117,600	(117600/560000)*100 = 21%	Increase
Total Assets	$     3,139,500	$     2,730,000	3139500-2730000= $409,500	(409500/2730000)*100 = 15%	Increase

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