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Identify any favorable and unfavorable trends in the following income statements by preparing a vertical...

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Accounting

Identify any favorable and unfavorable trends in the following income statements by preparing a vertical analysis. Write a paragraph explaining what you find. (Round percentages to two decimal places.)

Becker Corporation
Income Statements
For the Years Ended December 31
Year 2 Year 1
Revenues $394,000 $212,500
Operating expenses:
Wages expense $ 79,000 $ 65,000
Rent expense 19,000 18,000
Utilities expense 21,000 14,200
Interest expense 7,500 7,800
Total operating expenses $126,500 $105,000
Net income $267,500 $107,500

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