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K Vertical Analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For Years Ended December 31 2019 2018 Fees earned $821,000
K Vertical Analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For Years Ended December 31 2019 2018 Fees earned $821,000 $696,000 Operating expenses 632,170 563,760 Operating income $188,830 $132,240 a. Prepare a vertical analysis of Cornea Company's income statements. Enter percents as whole numbers. Cornea Company Income Statements For Years Ended December 31 2019 Amount 2019 Percent 2018 Amount 2018 Percent Fees earned $821,000 % $696,000 % Operating expenses 632,170 % 563,760 % Operating income $188,830 % $132,240 % b. Does the vertical analysis indicate a favorable or an unfavorable trend?
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