Parkins Corporation reported the following on its comparative income statement: Perform a horizontal analysis of revenues and
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Parkins Corporation reported the following on its comparative income statement:
Perform a horizontal analysis of revenues and gross profit—both in dollar amounts and in percentages—for 2023 and 2022.
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(in millions) Revenue............ Cost of sales. 2023 $13,390 $ 6,550 2022 $12,875 $ 5,750 2021 $12,500 $ 5,000
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