Question
Mivatin Corporation reported the following on its comparative income statement: (in millions) 2017 2016 2015 Revenue $ 14,994 $ 14,280 14,000 Cost of sales $
Mivatin Corporation reported the following on its comparative income statement: (in millions) 2017 2016 2015 Revenue $ 14,994 $ 14,280 14,000 Cost of sales $ 6,228 $ 5,215 4,750 Perform a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2017 and 2016. (Round your answers to two decimal places. Use a minus sign or parentheses to represent a decrease in amount or percentage.) Mivatin Corporation Comparative Income Statement For The Years Ended December 31, 2017 and 2016 Increase/(Decrease) 2017 2016 Revenue $ 14,994 $ 14,280 $ 14,000 6,228 Cost of Sales 5,215 4,750 (amounts in millions) 2017 2015 Change Percentage Change 2016 Percentage % % Gross Profit Mivatin Corporation reported the following on its comparative income statement: (in millions) 2017 2016 2015 Revenue $ 14,994 $ 14,280 14,000 Cost of sales $ 6,228 $ 5,215 4,750 Perform a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2017 and 2016. (Round your answers to two decimal places. Use a minus sign or parentheses to represent a decrease in amount or percentage.) Mivatin Corporation Comparative Income Statement For The Years Ended December 31, 2017 and 2016 Increase/(Decrease) (amounts in millions) 2017 2016 2017 2016 2015 Change Percentage Change Percentage Revenue $ 14,994 $ 14,280 $ 14,000 % % Cost of Sales 6,228 5,215 4,750 Gross Profit % %
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