Corporation reported the following on its comparative income statement: (in millions) 2017 2016 2015 Revenue................................... 16,068 $15,600
Question:
Corporation reported the following on its comparative income statement:
(in millions) | 2017 | 2016 | 2015 |
Revenue................................... | 16,068 | $15,600 | $15,000 |
Cost of sales............................ | $6,395 | $5,415 | $4,500 |
Perform a horizontal analysis of revenues and gross
profit long dash—both
in dollar amounts and in
percentages long dash—for 2017 and 2016.
(Round your answers to two decimal places. Use a minus sign or parentheses to represent a decrease in amount or percentage.)
Muscateer Corporation | ||||||||||
Comparative Income Statement | ||||||||||
For The Years Ended December 31, 2017, and 2016 | ||||||||||
Increase/(Decrease) | ||||||||||
(amounts in millions) | 2017 | 2016 | ||||||||
2017 | 2016 | 2015 | Change | Percentage | Change | Percentage | ||||
Revenue | $16,068 | $15,600 | $15,000 | % | % | |||||
Cost of Sales | 6,395 | 5,415 | 4,500 | |||||||
Gross Profit | $9,673 | $10,185 | $10,500 | % | % | |||||
Expert Answer:
