Chapter 14 S14-1 Horizontal analysis of revenue and cost of sales (Learning Objective 1) Parkins Corporation reported the following on its comparative income statement (in millions Revenue Cost of sales 2017 $13,390 S 6.550 2016 $12,875 $ 5,750 2015 $12,500 S 5,000 Perform a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2017 and 2016. (5-10 min.) S14-1 Increase (Decrease) (Amounts in millions) 2016 2017 2016 2017 2015 Amount nt Percent Revenues Cost of sales Gross profit$ S14-4Prepare common-size income statements (Learning Objective 3) Compare Martinez and Rojo by converting their income statements to common size Martinez $10,90o 6,660 Rojo $19,536 14,203 Cost of goods sold Other expense Which company earns more net income? Which company's net income is a higher per- centage of its net sales? (10 min.) S14-4 Martinez Amount Percent Amount Percent Net sales Cost of goods sold Other expense Net income earns more net income has a net income at a percentage of net sales