Question
Prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2019 and 2018. In millions) 2019 2018 2017 Revenue $9,575
Prepare a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2019 and 2018.
In millions)
2019 2018 2017
Revenue $9,575 $9,300 $8,975
Cost of Goods Sold 6,250 6,000 5,890
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.)
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