Two income statements for Bradford Company are shown below. a. Prepare a vertical analysis of Bradford Companys

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Two income statements for Bradford Company are shown below.

Bradford Company Income Statements For Years Ended December 31 2012 2011 Fees earned Operating expenses Operating income

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

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

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Oct 14, 2011 04:52 AM

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Two income statements for Bradford Company are shown below. a. Prepare a vertical analysis of Bradford Companys

Question:

Bradford Company Income Statements For Years Ended December 31 2012 2011 Fees earned Operating expenses Operating income $825,000 $700,000 602,000 684,750 $140.250 $ 98,000

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