Question
pls can anyone help me complete this? pls Muscateer Corporation reported the following on its comparative income statement: (in millions) 2017 2016 2015 Revenue................................... 16,068
pls can anyone help me complete this? pls
Muscateer
Corporation reported the following on its comparative income statement:
| (in millions) | 2017 | 2016 | 2015 |
| Revenue................................... | 16,068 | $15,600 | $15,000 |
| Cost of sales............................ | $6,395 | $5,415 | $4,500 |
Perform a horizontal analysis of revenues and gross
profit long dashboth
in dollar amounts and in
percentages long dashfor 2017 and 2016.
(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, 2017, and 2016 | ||||||||||
|
|
| Increase/(Decrease) | ||||||||
|
| (amounts in millions) | 2017 | 2016 | |||||||
|
| 2017 | 2016 | 2015 | Change | Percentage | Change | Percentage | |||
| Revenue | $16,068 | $15,600 | $15,000 |
|
| % |
|
| % | |
| Cost of Sales | 6,395 | 5,415 | 4,500 |
|
|
|
| |||
| Gross Profit | $9,673 | $10,185 | $10,500 |
|
| % |
|
| % | |
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The Four Corners Of Financial Accounting
Authors: Shaho Heidari Gandoman
1st Edition
1952751950, 978-1952751950
