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Horizontal analysis of income statement For 20Y2, Macklin Inc. report.pdf

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Macklin Inc. reported a decrease in net income from 20Y1 to 20Y2. The president was presented with a condensed comparative income statement for the two years to analyze. The document requests preparing a comparative income statement with horizontal analysis for 20Y1 and 20Y2, using 20Y1 as the base year and indicating increases or decreases in percentages rounded to one decimal place.

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Horizontal analysis of income statement For 20Y2, Macklin Inc. reported a significant decrease in net income. At the end of the year, Jehn Mayer, the president, is presented with the foliowing condensed comparative income statement: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20y1 as the base yeac Use the minus sfgn to indicate a decrease inthe "Increase/(Decrease)" columns, If required, round percentages to one decimal place.

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