Two income statements for Danielle's Design Services are shown below:
Danielle's Design Services
Income Statements
For Years 1 and 2 Ending December 31 
a) Prepare a vertical analysis of Danielle's Design Services income statements.
b) What types of trends are indicated: favorable or unfavorable?
c) What other information would enhance the analysis?
Correct Answer:
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b) The vertical analysis shows bot...
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