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Hooser Corp. reported the following on its comparative income statement: (Click the icon to view the data. Prepare a horizontal analysis of revenues and gross
Hooser Corp. reported the following on its comparative income statement: (Click the icon to view the data. Prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2019 and 2018. Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2019 and 2018. (Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Hooser Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 2019 2018 2017 Data Table $ (Amounts in millions) Revenues Cost of Goods Sold Gross Profit 9,675 S 6,120 9.460 $ 5.900 9,125 5,675 (In millions) 2018 2017 Revenue S 2019 9,675 S 6,120 9,460 $ 9,125 Cost of Goods Sold 5.900 5,675 Print Done
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