Question
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
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) 2025 2025 2024 Amount Percentage (Amounts in millions) Revenues $ Cost of Goods Sold 9,680 $ 9,500 6,100 6,000 1801.9% Gross Profit $ 3,580 $3,500 802.3 % Data Table (In millions) Revenue Cost of Goods Sold - X 2025 2024 $ 9,680 $ 9,500 6,100 6,000 Print Done ww 70
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