Question
Hana Corporation reported the following on its comparative income statement: (in millions) 2014 2013 2012 Revenue................................... $13,413 $13,150 $12,500 Cost of sales............................ $3,060 $3,000 $2,500
Hana Corporation reported the following on its comparative income statement:
| (in millions) | 2014 | 2013 | 2012 |
| Revenue................................... | $13,413 | $13,150 | $12,500 |
| Cost of sales............................ | $3,060 | $3,000 | $2,500 |
|
|
|
|
|
Perform a horizontal analysis of revenues and gross profit long dashboth in dollar amounts and in percentages long dashfor 2014 and 2013. (Round your answers to two decimal places. Use a minus sign or parentheses to represent a decrease in amount or percentage.)
| Variline Corporation | |||||||||
| Comparative Income Statement | |||||||||
| For The Years Ended December 31, 2014 and 2013 | |||||||||
| Increase/(Decrease) | |||||||||
| (amounts in millions) | 2014 | 2013 | |||||||
| 2014 | 2013 | 2012 | Change | Percentage | Change | Percentage | |||
| Revenue | $13,413 | $13,150 | $12,500 | % | % | ||||
| Cost of Sales | 3,060 | 3,000 | 2,500 | ||||||
| Gross Profit |
|
|
| % | % | ||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started