Mariner, Corp. Income Statement - (Partial) Years Ended December 31, 2017 and 2016 (Amounts in millions) 2017 2016 2015 Revenues $9,950 $9,775 $9,250 Cost of Goods Sold 6,250 6,000 5,890 Gross Profit $3,700 $3,775 $3,360 Increase (Decrease) 2017 2016 Amount Percentage Amount Percentage % % % %

Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross

profitlong dashboth

in dollar amounts and in

percentageslong dashfor

20172017

and

20162016.

(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.)