Parkins Corporation reported the following on its comparative income statement: Perform a horizontal analysis of revenues and

Question:

Parkins reported the following on its comparative income statement:

(in millions) 2016 2017 $13,390 $ 6,550 2015 $12,875 Revenue.. $12,500 Cost of sales. $ 5,750 $ 5,000

Perform a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2017 and 2016.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...