Question: Murray Corp. reported the following on its comparative income statement: (Click the icon to view the data.) Prepare a horizontal analysis of revenues and gross
Murray Corp. reported the following on its comparative income statement: (Click the icon to view the data.) Prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2025. Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2025. (Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Murray Corp. Income Statement - (Partial) Years Ended December 31, 2025 2025 2024 (Amounts in millions) Revenues $ 9,680 $ 9,500 6,100 6,000 Cost of Goods Sold Gross Profit you in the problem statement. Round the percentages Data Table (In millions) 2025 2024 Revenue $ 9,680 $ 9,500 Cost of Goods Sold 6,100 6,000 Print Done

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