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Versatile Company Income Statements For the Years Ended December 31 Fees earned Operating expenses Income from operations 20Y5 $1,468,000 822,080 $645,920 20Y4 $1,164,000 628,560 $535,440 a. Prepare a vertical analysis of Versatile Company's income statements. Enter percents as whole numbers. Versatile Company Income Statements For the Years Ended December 31 20Y5 Amount 20Y5 Percent 20Y4 Amount 20Y4 Percent $1,468,000 Fees earned % $1,164,000 % 822,080 % Operating expenses 628,560 % Income from operations $645,920 $535,440 % %

Versatile Company Income Statements For the Years Ended December 31 Fees earned Operating expenses Income from operations 20Y5 $1,468,000 822,080 $645,920 20Y4 $1,164,000 628,560 $535,440 a. Prepare a vertical analysis of Versatile Company's income statements. Enter percents as whole numbers. Versatile Company Income Statements For the Years Ended December 31 20Y5 Amount 20Y5 Percent 20Y4 Amount 20Y4 Percent $1,468,000 Fees earned % $1,164,000 % 822,080 % Operating expenses 628,560 % Income from operations $645,920 $535,440 % %

FINANCIAL ACCOUNTING
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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Subject: accounting 

Versatile Company Income Statements For the Years Ended December 31 Fees earned Operating expenses Income from operations 20Y5 $1,468,000 822,080 $645,920 20Y4 $1,164,000 628,560 $535,440 a. Prepare a vertical analysis of Versatile Company's income statements. Enter percents as whole numbers. Versatile Company Income Statements For the Years Ended December 31 20Y5 Amount 20Y5 Percent 20Y4 Amount 20Y4 Percent $1,468,000 Fees earned % $1,164,000 % 822,080 % Operating expenses 628,560 % Income from operations $645,920 $535,440 % %
Transcribed Image Text:Versatile Company Income Statements For the Years Ended December 31 Fees earned Operating expenses Income from operations 20Y5 $1,468,000 822,080 $645,920 20Y4 $1,164,000 628,560 $535,440 a. Prepare a vertical analysis of Versatile Company's income statements. Enter percents as whole numbers. Versatile Company Income Statements For the Years Ended December 31 20Y5 Amount 20Y5 Percent 20Y4 Amount 20Y4 Percent $1,468,000 Fees earned % $1,164,000 % 822,080 % Operating expenses 628,560 % Income from operations $645,920 $535,440 % %
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