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5. Freedom Corp reported the following on its comparative income statement (in millions) 2025 Net Sales Revenue Cost of Goods Sold 2024 $10,000 $
5. Freedom Corp reported the following on its comparative income statement (in millions) 2025 Net Sales Revenue Cost of Goods Sold 2024 $10,000 $ 8,000 4,500 3,000 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.) Freedom, Corp. Income Statement (Partial) Years Ended December 31, 2025 and 2024 (Amounts in millions) Net Sales Revenue Cost of Goods Sold Gross Profit Increase (Decrease) 2025 2024 Amount Percentage $10,000 $8,000] % 4,500 3,000
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