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Horizontal analysis of income statement For 2 0 Y 2 , McDade Company reported a decline in net income. At the end of the year,

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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:
McDade Company
Comparative Income Statement
For the Years Ended December 31,20Y2 and 20Y1
\table[[,20Y2,20Y1
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