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Mivatin Corporation reported the following on its comparative income statement: (in millions) 2020 2019 2018 11,550 Revenue .. $ Cost of sales........ $ 11,781 $
Mivatin Corporation reported the following on its comparative income statement: (in millions) 2020 2019 2018 11,550 Revenue .. $ Cost of sales........ $ 11,781 $ 4,137 $ 11,000 3,000 3,750 Perform a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2020 and 2019. (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, 2020 and 2019 Increase/(Decrease) 2020 2019 (amounts in millions) 2020 2019 2018 Change Percentage Change Percentage % Revenue % $ 11,781 $ 4,137 11,550 $ 11,000 3,750 3,000 Cost of Sales Gross Profit % %
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