McMann Company has condensed income statements as follows:
REQUIRED:
Prepare a horizontal analysis of McMann Company's income statements. Comment on the trends, both favorable and unfavorable.

Question

McMann Company has condensed income statements as follows:
  REQUIRED:
Prepare a horizontal analysis of McMann Company's income statements. Comment on the trends, both favorable and unfavorable.

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The Answer of McMann Company has condensed income statements as follows:
  REQUIRED:
Prepare a horizontal analysis of McMann Company's income statements. Comment on the trends, both favorable and unfavorable.

McMann Company Has Condensed Income Statements as Follows