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Murray Corp. reported the following on its comparative income statement: (Click the icon to view the data.) Prepare a horizontal analysis of revenues and
Murray Corp. reported the following on its comparative income statement: (Click the icon to view the data.) Prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2025. 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 2025. (Enter amounts in millions 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.) Murray Corp. Income Statement - (Partial) Years Ended December 31, 2025 Increase (Decrease) Data table 2025 2025 2024 (Amounts in millions) Amount Percentage (in millions) 2025 2024 Revenues $ 9,950 $ 6,000 9,775 $ 175 2.0 % Revenue $ 9,950 $ Cost of Goods Sold 5.975 Cost of Goods Sold 6,000 9,775 5,975 Grass Profit $ 3,950 $ 3.800 150 4.0 % Print Done
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