Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December...

 

Transcribed Image Text:

Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y7 $2,057,000 (1,523,200) $533,800 20Y6 $1,700,000 (1,360,000) $340,000 Fees earned Expenses Net income Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percentage to the nearest whole number. Paragon Company Income Statements For the Years Ended December 31 Net income Increase/(Decrease) 2017 20Y6 Amount Fees earned $2,057,000 $1,700,000 $ 357,000 Expenses (1,523,200) (1,360,000) 163,200 $533,800 $340,000 $ 193,800 Percent Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y7 $2,057,000 (1,523,200) $533,800 20Y6 $1,700,000 (1,360,000) $340,000 Fees earned Expenses Net income Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percentage to the nearest whole number. Paragon Company Income Statements For the Years Ended December 31 Net income Increase/(Decrease) 2017 20Y6 Amount Fees earned $2,057,000 $1,700,000 $ 357,000 Expenses (1,523,200) (1,360,000) 163,200 $533,800 $340,000 $ 193,800 Percent

Answer rating: 100% (QA)

Fees earned Percentage Increase 2017 Fees earned 2016 Fees earned 2016 F... View the full answer