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Mivatin Corp. reported the following on its comparative income statement: Click the icon to view the data) Preparo a horizontal analysis of revenues and gross
Mivatin Corp. reported the following on its comparative income statement: Click the icon to view the data) Preparo a horizontal analysis of revenues and gross profitboth in dollar amounts and in parcontagesfor 2025 Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentager-for 2025. (Enter amounts in milions as provided to you in the problem statement Round the percentages to one decimal place, XX% Use a minus sign or parentheses to indicate a decrease) Mivatin Corp Income Statement (Partial) Years Ended December 21, 2025 2025 2024 $ (Amounts in millons) Revenues Cost of Goods Sold Gross Profit 9,675 $ 9,460 6,310 6,200
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