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Horizontal Analysis of both financial statements Prepare a horizontal analysis of the balance sheet and income statement, showing the percentage change from 2017 to 2018

Horizontal Analysis of both financial statements

Prepare a horizontal analysis of the balance sheet and income statement, showing the percentage change from 2017 to 2018 (the dollar amounts, not the percentages you calculated in the common size statements). This is calculated as follows:

(2018 amount 2017 amount)/ 2017 amount

Thus, each line item on the balance sheet and income statement should show a percentage increase or decrease. A negative number, or decrease, can be formatted to show in parentheses, which is the preferable notation in accounting circles.

Carnival Corporation & PLC Consolidated Statements of Income - USD ($) 12 Months Ended
Nov. 30, 2018 Nov. 30, 2017 Nov. 30, 2016
Revenues
Revenues $ 18,881 $ 17,510 $ 16,389
Cruise
Selling and administrative 2,450 2,265 2,197
Depreciation and amortization 2,017 1,846 1,738
Goodwill and trademark impairment 0 89 0
Operating costs and expenses 15,556 14,701 13,318
Operating Income 3,325 2,809 3,071
Nonoperating Income (Expense)
Interest income 14 9 6
Interest expense, net of capitalized interest (194) (198) (223)
Gains (losses) on fuel derivatives, net 59 35 (47)
Other income, net 3 11 21
Nonoperating Income (Expense) (118) (143) (243)
Income Before Income Taxes 3,207 2,666 2,828
Income Tax Expense, Net (54) (60) 49
Net Income $ 3,152 $ 2,606 $ 2,779
Earnings Per Share
Basic (USD per share) $ 4.45 $ 3.61 $ 3.73
Diluted (USD per share) 4.44 3.59 3.72
Dividends Declared Per Share (USD per share) $ 1.95 $ 1.60 $ 1.35

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