Morizontal analysis of income statement For 20Y2, Macklin inc, reported a significant decrease in net...
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Morizontal 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: 1. Prepare a comparative income statament with horkontal analysis for the two-year period, using 20y1 as the base yeaci Use the minus sygn to indicate a dectease in the "Increase/(Decrease)" columns, If required, round percentages to one decimal place. 2. Net income has from 20Y1 to 20Y2. Sales have rate than sales, causing the gross pront to however, the cost of goods sold has at a faster
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