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Fly Chad reported the following income statement information: (In millions) Net sales Cost of sales 2024 2023 2022 14,643 $ 13,848 $ 13,248 11,032 10,475
Fly Chad reported the following income statement information: (In millions) Net sales Cost of sales 2024 2023 2022 14,643 $ 13,848 $ 13,248 11,032 10,475 9,570 Perform a horizontal analysis of net sales, cost of sales, and gross margin, both in dollar amounts and in percentages, for 2024 and 2023. (Round the percentages to two decimal places, X.XX%. Enter negative numbers with a minus sign or parentheses.) Fly Chad Horizontal Analysis of Comparative Income Statement (adapted) For the Years Ended December 31, 2024 and 2023 Increase (Decrease) (Amounts in millions) 2024 2023 2024 2023 2022 Amount % Amount % Net sales 14,643 $ 13,848 $ 11,032 10,475 13,248 9,570 Cost of sales Gross margin
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