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For 20Y2, Nacklin Inc. reported a signiffcant decrease in net income. At the end of the year,
John Mayer, the president, is presented with the follon condensed comparative income statement:
Indicate a decrease in the "tncreasel(Decrease)" columins. 11 required, round percentages to eoe
decimat placi. Macklin Inc. Comparative Income Statement 2. Het income hat from 20ry-to 20r2.
Sales have howewer, the cost of aoods fold hay at a fasteri rate than sales, causirig the gross
profit to

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  • 1. For 20Y2, Nacklin Inc. reported a signiffcant decrease in net income. At the end of the year, John Mayer, the president, is presented with the follon condensed comparative income statement: Indicate a decrease in the "tncreasel(Decrease)" columins. 11 required, round percentages to eoe decimat placi. Macklin Inc. Comparative Income Statement 2. Het income hat from 20ry-to 20r2. Sales have howewer, the cost of aoods fold hay at a fasteri rate than sales, causirig the gross profit to