Horizontal Analysis of Income Statement with the formula and explanation please.

laul Appendix Specimen Financial Statements: The Coca-Cola Company The Coca-Cola Company is the world's largest bererage company. It owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages, but also a variety of still beverages such as waters enhanced waters, juices and juice drinks, ready-to-drink teas and coffees and energy and sports drinks. Finished beverage products bearing Coca-Cola trademarks sold in the United States since 1886 are now available in more than 200 countries. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME 2017 2016 2015 $ 44,294 $ 35,410 13,256 22,154 12,496 2.157 7,501 677 $ 41,563 16,465 25.398 15.262 1.510 17,492 26.812 16,427 1,657 8.626 Year Ended December 31 (In millions except per share data) NET OPERATING REVENUES Cost of goods sold GROSS PROFIT Selling, general and administrative expenses Other operating charges OPERATING INCOME Interest income Interest expense Equity income (loss) - net Other income (loss) - net INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes from continuing operations NET INCOME FROM CONTINUING OPERATIONS Income from discontinued operations (net of income taxes of S47, SO and So, respectively) CONSOLIDATED NET INCOME 8,728 613 642 733 841 856 835 499 1,071 (1,666) 6,742 5,560 1,182 (1.234) 8.136 1,586 6.550 631 9.605 2.239 7.366 101 1,283 6.550 7366