Satterfield Company Income Statements For the Years Ended December 31 20Y1 20Y0 Fees earned $534,100 $490,000 Operating expenses 328,960 320,000 Net income $205,140 $170,000 Prepare a horizontal analysis of Satterfield Company income statements. Round percent answers to one decimal place. If required, use the minus sign to indicate a decrease in the amount and percentage columns. 20Y1 20Y0 Amount Increase/ (Decrease) Percent Increase/ (Decrease) Fees earned $534,100 $490,000 $fill in the blank 1 fill in the blank 2% Operating expenses 328,960 320,000 $fill in the blank 3 fill in the blank 4 Net income $205,140 $170,000 $fill in the blank 5 fill in the blank 6
Satterfield Company Income Statements For the Years Ended December 31 20Y1 20Y0 Fees earned $534,100 $490,000 Operating expenses 328,960 320,000 Net income $205,140 $170,000 Prepare a horizontal analysis of Satterfield Company income statements. Round percent answers to one decimal place. If required, use the minus sign to indicate a decrease in the amount and percentage columns. 20Y1 20Y0 Amount Increase/ (Decrease) Percent Increase/ (Decrease) Fees earned $534,100 $490,000 $fill in the blank 1 fill in the blank 2% Operating expenses 328,960 320,000 $fill in the blank 3 fill in the blank 4 Net income $205,140 $170,000 $fill in the blank 5 fill in the blank 6
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| Satterfield Company Income Statements For the Years Ended December 31 |
||||
| 20Y1 | 20Y0 | |||
| Fees earned | $534,100 | $490,000 | ||
| Operating expenses | 328,960 | 320,000 | ||
| Net income | $205,140 | $170,000 |
Prepare a horizontal analysis of Satterfield Company income statements. Round percent answers to one decimal place. If required, use the minus sign to indicate a decrease in the amount and percentage columns.
20Y1 |
20Y0 |
Amount Increase/ (Decrease) |
Percent Increase/ (Decrease) |
|
| Fees earned | $534,100 | $490,000 | $fill in the blank 1 | fill in the blank 2% |
| Operating expenses | 328,960 | 320,000 | $fill in the blank 3 | fill in the blank 4 |
| Net income | $205,140 | $170,000 | $fill in the blank 5 | fill in the blank 6 |
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