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Vertical Analysis Two income statements for Cornea Company follow Cornea Company Income Statements For Years Ended December 31 2019 2018 Fees earned $740,000 $627,000 503,200
Vertical Analysis Two income statements for Cornea Company follow Cornea Company Income Statements For Years Ended December 31 2019 2018 Fees earned $740,000 $627,000 503,200 451,440 Operating expenses $236,800 $175,560 Operating income 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 $740,000 Fees earned $627,000 451,440 Operating expenses 503,200 $175,560 Operating income $236,800 b. Does the vertical analysis indicate a favorable or an unfavorable trend
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