Horizontal Analysis of Income Statement For 20Y2, McDade Company reported a decline in net income....
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Horizontal Analysis of Income Statement For 20Y2, McDade Company reported a decline in net income. At the end of the year, T, Burrows, the president, is presented with the following condensed comparative income statement: 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round percentages to one decimal place. Use the minus sign to indicate a decrease in the "Increase (Decrease)" columns, 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20y1 as the base year, Round percentages to one decimal place. Use the minus sign to indicate a decrease in the "Increase (Decrease)" columns. 2. Net income has from 20Y1 to 20Y2. Sales have ; however, the cost of goods sold has the gross profit to
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