Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Here is financial information for Ivanhoe Inc. December 31, 2025 December 31, 2024 Current assets $110,200 $93,900 Plant assets (net) 403,900 354,200 Current liabilities

1. Here is financial information for Ivanhoe Inc.

December 31, 2025

December 31, 2024

Current assets

$110,200 $93,900

Plant assets (net)

403,900 354,200

Current liabilities

102,900 69,200

Long-term liabilities

126,200 93,900

Common stock, $1 par

134,200 119,200

Retained earnings

150,800 165,800

Prepare a schedule showing a horizontal analysis for 2025, using 2024 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)

IVANHOE INC. Condensed Balance Sheets choose the accounting period December 31For the Month Ended December 31For the Year Ended December 31

Increase or (Decrease)

2025

2024

Amount

Percent

Assets

Current Assets

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

enter percentages rounded to 1 decimal place

%

Plant assets (net)

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter percentages rounded to 1 decimal place

%

Total assets

$enter a total amount for this part of the balance sheet

$enter a total amount for this part of the balance sheet

$enter a total amount for this part of the balance sheet

enter a total amount for this part of the balance sheet

%

Liabilities

Current Liabilities

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

enter percentages rounded to 1 decimal place

%

Long-term liabilities

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter percentages rounded to 1 decimal place

%

Total liabilities

$enter a total of the two previous amounts

$enter a total of the two previous amounts

$enter a total of the two previous amounts

enter a total of the two previous amounts

%

Stockholders Equity

Common stock, $1 par

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter percentages rounded to 1 decimal place

%

Retained earnings

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter percentages rounded to 1 decimal place

%

Total stockholders equity

enter a total of the two previous amounts

enter a total of the two previous amounts

enter a total of the two previous amounts

enter a total of the two previous amounts

%

Total liabilities and stockholders equity

$enter a total amount for this part of the balance sheet

$enter a total amount for this part of the balance sheet

$enter a total amount for this part of the balance sheet

enter a total amount for this part of the balance sheet

%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting In Health Care Organizations

Authors: David W. Young

3rd Edition

1118653629, 978-1118653623

More Books

Students also viewed these Accounting questions