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 |
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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 |
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| % | % |
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