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Vertical analysis Two income statements for Comes Company follow: Cornea Company Income Statements For the Years Ended December 31 2019 2018 Fees eamed $1,629,000
Vertical analysis Two income statements for Comes Company follow: Cornea Company Income Statements For the Years Ended December 31 2019 2018 Fees eamed $1,629,000 $1,310,000 Expenses (835,000) (762,000) Net income $794,000 $548,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Prepare a vertical analysis of Cornea Company's income statements. Round your answers to one decimal place. Cornea Company Income Statements For the Years Ended December 31 2019 20Y8 Amount Percent Amount Percent Fees earned $ 1,629,000 % $ 1,310,000 Expenses (835,000) Net income $ 794,000 % (762,000) % $ 548,000 b. The vertical analysis indicates a trend. 2 more Check My Work uses remaining
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