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Prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2019 and 2018. Begin by calculating the gross profit for
Prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2019 and 2018. 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 2019 and 2018. (Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) Verifine Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 2019 2018 2017 (Amounts in millions) $ Revenues Cost of Goods Sold Gross Profit 9,890 $ 6,250 9,690 $ 6,000 9,135 5,890 (In millions) Revenue Cost of Goods Sold $ 2019 9,890 $ 6,250 2018 9,690 $ 6,000 2017 9,135 5,890
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