Question: Precise corp. reported the following on its comparative income statement (In millions) 2019 2018 Net Sales Revenue $14,000 $12,000 Cost of Goods Sold 11,000 7,000

Precise corp. reported the following on its comparative income statement (In millions) 2019 2018 Net Sales Revenue $14,000 $12,000 Cost of Goods Sold 11,000 7,000 Prepare a horizontal analysis of net sales revenue, cost of goods sold, and gross profit-both in dollar amounts and in percentages. (enter amounts in million. round the percentages to the nearest, x%. use minus sign or parentheses to indicate a decrease.)

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