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. |
% |
Solution
Vertical analysis | ||||
Dec. 31, 2022 | Dec. 31, 2021 | |||
Amount | Percentage | Amount | Percentage | |
Accounts receivable | $ 362,700 | 11.6% | $ 310,000 | 11.4% |
Inventory | $ 677,600 | 21.6% | $ 560,000 | 20.5% |
Total Assets | $ 3,139,500 | 100.0% | $ 2,730,000 | 100.0% |
Using these data from the comparative balance sheet of Ivanhoe Company, perform vertical analysis. (Round percentages...
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