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Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 2019 Fees earned Expenses $1,698,000
Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 2019 Fees earned Expenses $1,698,000 2018 $1,280,000 (848,700) (739,000) $849,300 $541,000 Net income 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 2018 Amount Percent Amount Percent Fees earned $ 1,698,000 % $1,280,000 %% Expenses (848,700) % (739,000) % Net income $ 849,300 % $ 541,000 % b. The vertical analysis indicates a trend.
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