Prepare a vertical analysis of Bradford Company

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Problem - Vertical analysis - Two income statements for Bradford Company are shown below.

Bradford Company Income Statements For Years Ended December 31

 

2012

2011

Fees earned

$825,000

$700,000

Operating expenses

684,750

602,000

Opting income

$140,250

$98,000

Required -

a. Prepare a vertical analysis of Bradford Company's income statements.

b. Does the vertical analysis indicate a favorable or unfavorable trend?

Reference no: EM132679825

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