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Corporation reported the following on its comparative income statement: (in millions) 2017 2016 2015 Revenue................................... 16,068 $15,600 $15,000 Cost of sales............................ $6,395 $5,415

Corporation reported the following on its comparative income statement:

(in millions)

2017

2016

2015

Revenue...................................

16,068

$15,600

$15,000

Cost of sales............................

  

$6,395

  

$5,415

  

$4,500

Perform a horizontal analysis of revenues and gross

profit long dash—both

in dollar amounts and in

percentages long dash—for 2017 and 2016.

(Round your answers to two decimal places. Use a minus sign or parentheses to represent a decrease in amount or percentage.)

Muscateer Corporation

Comparative Income Statement

For The Years Ended December 31, 2017, and 2016

Increase/(Decrease)

(amounts in millions)

2017

2016

2017

2016

2015

Change

Percentage

Change

Percentage

Revenue

$16,068

$15,600

$15,000

%

%

Cost of Sales

6,395

5,415

4,500

Gross Profit

$9,673

$10,185

$10,500

%

%

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