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5. Precise Corp. reported the following on its comparative income statement: (In millions) 2025 2024 Net Sales Revenue $ 23,000 $ 21,000 Cost of Goods
5. Precise Corp. reported the following on its comparative income statement: (In millions) 2025 2024 Net Sales Revenue $ 23,000 $ 21,000 Cost of Goods Sold 6,000 3,500 Prepare a horizontal analysis of net sales revenue, cost of goods sold, and gross profitboth 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.) Precise, Corp. Income Statement - (Partial) Years Ended December 31, 2025 and 2024 Increase (Decrease) (Amounts in millions) 2025 2024 Amount Percentage Net Sales Revenue $ 23,000 $ 21,000 % 6,000 3,500 Cost of Goods Sold % Gross Profit %
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