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Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y6 20Y7 $1,560,000 (1,175,200) $384,800 Fees earned $1,300,000 Expenses (1,040,000) Net income $260,000 Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percentage to the nearest whole number. Baragon Company

Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y6 20Y7 $1,560,000 (1,175,200) $384,800 Fees earned $1,300,000 Expenses (1,040,000) Net income $260,000 Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percentage to the nearest whole number. Baragon Company

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y6 20Y7 $1,560,000 (1,175,200) $384,800 Fees earned Expenses $1,300,000 (1,040,000) $260,000 Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percentage to the nearest whole number. Net income Paragon Company Income Statements For the Years Ended December 31 20Y7 20Y6 Fees earned $1,560,000 $1,300,000 Expenses (1,175,200) (1,040,000) $384,800 $260,000 Net income Increase/(Decrease) Amount $ 260,000 135,200 $ 124,800 Increase/(Decrease) Percent 0.2 X % 0.13 X % X % 0.48
Transcribed Image Text:Horizontal analysis Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y6 20Y7 $1,560,000 (1,175,200) $384,800 Fees earned Expenses $1,300,000 (1,040,000) $260,000 Prepare a horizontal analysis of Paragon Company's income statements. If required, round your percentage to the nearest whole number. Net income Paragon Company Income Statements For the Years Ended December 31 20Y7 20Y6 Fees earned $1,560,000 $1,300,000 Expenses (1,175,200) (1,040,000) $384,800 $260,000 Net income Increase/(Decrease) Amount $ 260,000 135,200 $ 124,800 Increase/(Decrease) Percent 0.2 X % 0.13 X % X % 0.48
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