Question: please step how you got the answer Muscateer Corp. reported the following on its comparative income statement: 5 Click the icon to view the data.)

please step how you got the answer

please step how you got the answer Muscateer Corp. reported the following

Muscateer Corp. reported the following on its comparative income statement: 5 Click the icon to view the data.) Prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2025. Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2025. (Enter amounts in n percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Muscateer Corp. Income Statement - (Partial) Years Ended December 31, 2025 Increase (Decrease) 2025 2025 2024 Amount Percentage (Amounts in millions) Data Table Revenues $ 9,575 $ 9,300 $ 275 30% Cost of Goods Sold 7,240 6,800 (In millions) 2025 2024 Gross Profit $ 75 2,335 $ 2,500 8 % Revenue $ 9,575 $ 9,300 Cost of Goods Sold 7,240 6.800 Print Done

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