Question
Corporation reported the following on its comparative income statement: (in millions) 2020 2019 2018 Revenue. . . . . . . . . . .
Corporation reported the following on its comparative income statement:
| (in millions) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Revenue. . . . . . . . . . . . | $16,068 | $15,600 | 15,000 |
| Cost of sales. . . . . . . . | $6,395 | $5,415 | 4,500 |
Perform a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2020 and 2019.
(Round your answers to two decimal places. Use a minus sign or parentheses to represent a decrease in amount or percentage.)
| Plantson Corporation | ||||||||||
| Comparative Income Statement | ||||||||||
| For The Years Ended December 31, 2020 and 2019 | ||||||||||
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| Increase/(Decrease) | ||||||||
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| (amounts in millions) | 2020 | 2019 | |||||||
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| 2020 | 2019 | 2018 | Change | Percentage | Change | Percentage | |||
| Revenue | $16,068 | $15,600 | $15,000 |
|
| % |
|
| % | |
| Cost of Sales | 6,395 | 5,415 | 4,500 |
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|
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| |||
| Gross Profit |
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|
|
| % |
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| % | |
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Accounting And Financial System Reform In Eastern Europe And Asia
Authors: Robert W. McGee, Galina G. Preobragenskaya
2nd Edition
0387257098, 9780387257099
