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PLEASE ANSWER ASAP Muscateer Corporation reported the following on its comparative income statement: (in millions) Revenue Cost of sales.... 2020 2019 $ 13,390 $ 12,875
PLEASE ANSWER ASAP
Muscateer Corporation reported the following on its comparative income statement: (in millions) Revenue Cost of sales.... 2020 2019 $ 13,390 $ 12,875 $ 6,550 $ 5,750 2018 12,500 5,000 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.) Muscateer Corporation Comparative Income Statement For The Years Ended December 31, 2020 and 2019 Increase/(Decrease) (amounts in millions) 2020 2019 2020 2019 2018 Change Percentage Change Percentage $ 13,390 $ 12,875 $ 12,500 % % 6,550 5,750 5,000 Revenue Cost of Sales Gross Profit % %Step by Step Solution
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