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McCormick Corp. reported the following on its comparative income statement: EEE (Click the icon to view the data.) Prepare a horizontal analysis of revenues and
McCormick Corp. reported the following on its comparative income statement: EEE (Click the icon to view the data.) Prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2019 and 2018. Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 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.) McCormick Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 X Data Table 2018 2019 2017 (Amounts in millions) (In millions) 2019 2018 2017 Revenues 9,610 $ 9,355 $ 9,050 S 9,610 $ 9,355 $ Revenue 9,050 6,000 5,975 5,900 Cost of Goods Sold 5,900 Cost of Goods Sold 6,000 5,975 Gross Profit Print Done Enter any number in the edit fields and then click Check Answer art remaining Clear All Check
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