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Multistep question with required info below, thanks in advance!! The average price of a gallon of gas in 2018 increased $0.30 (12.4 percent) from $2.42
Multistep question with required info below, thanks in advance!!
The average price of a gallon of gas in 2018 increased $0.30 (12.4 percent) from $2.42 in 2017 to $2.72 in 2018 . Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Daisy Petrolum Industries for the year ended December 31, 2018 (amounts in billions). 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax and other operating costs, did Daisy earn more gross profit per dollar of revenue in 2018 compared to 2017? Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Daisy Petrolum Industries for the year ended December 31, 2018 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (i.e., 10,000,000,000 should be entered as 10 ). Round percentage values to 1 decimal place.) Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.) Excluding income tax and other operating costs, did Daisy earn more gross profit per dollar of revenue in 2018 compared to 2017? Yes
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