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Horizontal analysis of income statement For 20Y2, Macklin Inc. reported a significant...

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Accounting

Horizontal analysis of income statement
For 20Y2, Macklin Inc. reported a significant decrease in net income. At the end of the year, John Mayer, the president, is presented with the following condensed comparative income statement:
Macklin Inc.
Comparative Income Statement
For the Years Ended December 31,20Y2 and 20Y1
Required:
percentages to one decimal place.
Macklin Inc.
Comparative Income Statement
For the Years Ended December 31,20Y2 and 20Y1
Net income has
from 20Y1 to 20Y2. Sales have
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