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Click to watch the Tell Me More Learning Objective 5 video and then answer the questions below. 1. Net income for year 1 was $75,000,
Click to watch the Tell Me More Learning Objective 5 video and then answer the questions below. 1. Net income for year 1 was $75,000, and net income for year 2 was $90,000. What is the percent increase or decrease in the horizontal analysis? a. 20.25% increase b. 20.00% increase c. 20.50% increase d. 20.75% increase 2. Fees earned for year 1 were $90,000 and for year 2 were $40,000. What was the percent increase or decrease as per the horizontal analysis? a. 55.20% increase b. 55.40% decrease c. 55.60% decrease d. 55.80% decrease
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