2. Two income statements for Fairaita Enterprises are shown...
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Accounting
2. Two income statements for Fairaita Enterprises are shown below Fairaita Enterprises Income r Year 1 and Year 2, Ended December 31 Statement Year2Yar Fees earned Operating expenses Operating income $674,350 -472.045 520,600 338,390 182,210 (a) Prepare a vertical analysis of Fairata Enterprises income statements (b) Does the vertical analysis indicate a favorable or unfavorable trend
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