Two Income statements for Paragon Company follow:Paragon CompanyIncome StatementsFor the Years Ended December 3120ν920Y8Fees earned$1,472,000$1,230,000Expenses(1,050,000)$422,000(910,000)Net income$320,000This 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.Onen spreadsheetPrepare a horizontal analysis of Paragon Company's income statements. Round your answers for monetary values to the nearest dollar and for percentage values to onedecimal place.Paragon CompanyIncome StatementsFor the Years Ended December 31Increase/(Decrease)AmountPercent20Y920Y8$1,230,000%24Fees carned$1,472,000(1,050,000)(910,000)Expenses$422,000$320,000Net income

Horizontal analysis of financial statements means analysis of change in financial statements number…

Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y9 $1,472,000 (1,050,000) 20Y8 $1,230,000 Fees earned Expenses (910,000) $320,000 Net income $422,000 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 belor Onen spreadaheet Prepare a horizontal analysis of Paragon Company's income statements. Round your answers for monetary values to the nearest dollar and for percentage values to one decimal place. Paragon Company Income Statements For the Years Ended December 31 Increase/(Decrease) Amount Percent 20Y9 20Υ8 $1,472,000 $1,230,000 Fees earned (1,050,000) (910,000) Expenses $422,000 $320,000 Net income

Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y9 $1,472,000 (1,050,000) 20Y8 $1,230,000 Fees earned Expenses (910,000) $320,000 Net income $422,000 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 belor Onen spreadaheet Prepare a horizontal analysis of Paragon Company's income statements. Round your answers for monetary values to the nearest dollar and for percentage values to one decimal place. Paragon Company Income Statements For the Years Ended December 31 Increase/(Decrease) Amount Percent 20Y9 20Υ8 $1,472,000 $1,230,000 Fees earned (1,050,000) (910,000) Expenses $422,000 $320,000 Net income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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