Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2 and $149,700 for Year 1. Operating expenses are $122,800 for Year 2 and $127,245 for Year 1. Which of the following statements are true? Operating income has decreased as a percentage of revenue. Operating income has increased as a percentage of revenue. None of these choices are correct. Operating expenses have increased as a percentage of revenue
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