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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

%

%

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