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Plantson Corporation reported the following on its comparative income statement: (in millions) 2017 2016 2015 Revenue..... $13,130 $13,000 $12,500 Cost of sales. $4,520 $4,600 $3,750
Plantson Corporation reported the following on its comparative income statement: (in millions) 2017 2016 2015 Revenue..... $13,130 $13,000 $12,500 Cost of sales. $4,520 $4,600 $3,750 Perform a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2017 and 2016. (Round your answers to two decimal places. Use a minus sign or parentheses to represent a decrease in amount or percentage.) Plantson 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 $ 13,130 $ 13,000 $ 12,500C C 4,520 4,600 3,750 Revenue Cost of Sales Gross Profit
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