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please step how you got the answer Muscateer Corp. reported the following on its comparative income statement: 5 Click the icon to view the data.)
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Muscateer Corp. reported the following on its comparative income statement: 5 Click the icon to view the data.) Prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2025. Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2025. (Enter amounts in n percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Muscateer Corp. Income Statement - (Partial) Years Ended December 31, 2025 Increase (Decrease) 2025 2025 2024 Amount Percentage (Amounts in millions) Data Table Revenues $ 9,575 $ 9,300 $ 275 30% Cost of Goods Sold 7,240 6,800 (In millions) 2025 2024 Gross Profit $ 75 2,335 $ 2,500 8 % Revenue $ 9,575 $ 9,300 Cost of Goods Sold 7,240 6.800 Print DoneStep by Step Solution
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