- X Data Table 2019 2018 2017 (In millions) $ 9,575 $ 9,300 $ 8,975 Revenue ons Cost of Goods Sold 6,310 6,200 5,990 Print Done VS15-2 (similar to) Question Help McCormick Corp. reported the following on its comparative income statement EKClick the icon to view the data.) Prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages--for 2019 and 2018 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 2019 and 2018. (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.) McCormick Corp. Income Statement-(Partial) Years Ended December 31, 2019 and 2018 2018 2017 2019 (Amounts in millions) 8,975 9,575 $ 9,300 $ Revenues 6,310 6,200 5,990 Cost of Goods Sold $ 3,265 $ 3,100 $ 2,985 Gross Profit Increase (Decrease) 2018 2019 Percentage Percentage Amount Amount 30 % 4 % $ $ 325 275 Enter any number in the edit fields and then click Check Answer Final Check lear Ail 4 of 12 (5 complete) Score:0.27 of 1 pt S15-2 (similar to) McCormick Corp reported the following on its comparative income statement EKClick the icon to view the data ) Prepare a horizontal analysis of revenues and gross profit-both in dollar amoun ou e porcemayes to oO veCmar piace,KA Statem McCormick Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2 2019 2018 2017 (Amounts in millions) 9,575 $ 9,300S Revenues 8,975 6310 6,200 5,990 Cost of Goods Sold $3,265 $ 3,100 $ 2,985 Gross Profit Increase (Decrease) 2019 2018 Percentage Amount Amount Percentage 3.0 % S 275 325 4 % 7 % 275 250 8% Enter any number in the edit fields and then click Check Answer. All parts showing Clear All