Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For...
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Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 20Y9 20Y8 $1,580,000 $1,350,000 (774,200) (783,000) $805,800 $567,000 Fees earned Expenses Net income Required: a. Prepare a vertical analysis of Cornea Company's income statements. If required, round your percentage to the nearest whole number. Fees earned Expenses $1,580,000 $1,350,000 (774,200) (783,000) $805,800 $567,000 b. Does the vertical analysis indicate a favorable or an unfavorable trend? Net income Cornea Company Income Statements For the Years Ended December 31 20Y9 Amount 20Y9 Percent 20Y8 Amount 20Y8 Percent Favorable % % % % % %
Two income statements for Cornea Company follow: a. Prepare a vertical analysis of Cornea Company's income statements. If re b. Does the vertical analysis indicate a favorable of an unfavorable trend
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