prepare a horizontal analysis of revenues and grossin dollar amounts and in 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.) (In millions) 2019 2018 2017 Revenue $9,575 $9,300 $8,975 cost of goods sold $6,250 $6,000 $5,890 Increase (decrease) 2019 2018 Amount Percentage Amount Percentage Revenue Gross Profit
prepare a horizontal analysis of revenues and grossin dollar amounts and in 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.) (In millions) 2019 2018 2017 Revenue $9,575 $9,300 $8,975 cost of goods sold $6,250 $6,000 $5,890 Increase (decrease) 2019 2018 Amount Percentage Amount Percentage Revenue Gross Profit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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prepare a horizontal analysis of revenues and gross
in dollar amounts and in
in dollar amounts and in
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.)
(In millions) | 2019 | 2018 | 2017 |
Revenue | $9,575 | $9,300 | $8,975 |
cost of goods sold | $6,250 | $6,000 | $5,890 |
Increase (decrease) | ||||
2019 | 2018 | |||
Amount | Percentage | Amount | Percentage | |
Revenue
|
||||
Gross Profit |
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