Using the following information, prepare a vertical analysis of 2 years of income statements. Fees...
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Accounting
Using the following information, prepare a vertical analysis of years of income statements. Fees earned is $ for Year and $ for Year Operating expenses are $ for Year and $ for Year Which of the following statements is true?
a Operating expenses have remained constant as a percent of revenue.
b Operating income has decreased as a percent of revenue.
c Operating income has increased as a percent of revenue.
d Operating expenses have increased as a percent of revenue.
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