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5. Choice Corp. reported the following on its comparative income statement: (In millions) 2025 2024 Net Sales Revenue $ 22,000 $20,000 Cost of Goods Sold
5. Choice Corp. reported the following on its comparative income statement: (In millions) 2025 2024 Net Sales Revenue $ 22,000 $20,000 Cost of Goods Sold 7,000 4,000 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 millions. Round the percentages to the nearest percent, X%. Use a minus sign or parentheses to indicate a decrease.) Choice, Corp. Income Statement - (Partial) Years Ended December 31, 2025 and 2024 Increase (Decrease) 2025 2024 Amount (Amounts in millions) Percentage Net Sales Revenue Cost of Goods Sold $ 22,000 $ 20,000 % 7,000 4,000 % Gross Profit %
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