1. Net income for Year 1 was $75,000, and net income for Year 2 was $90,000. What is the percent of increase or decrease in horizontal analysis?

1. 20% increase
2. 20% decrease
3. 17% increase
4. 17% decrease

2. Fees earned for Year 1 were $90,000 and for Year 2 were $40,000. What is the percent of increase or decrease in horizontal analysis?

1. 125% increase
2. 55.6% decrease
3. 44.4% increase
4. None of these choices are correct.