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S15-2 (similar to) Question Help Muscateer Corp. reported the following on its comparative income statement: B. (Click the icon to view the data.) Prepare a
S15-2 (similar to) Question Help Muscateer Corp. reported the following on its comparative income statement: B. (Click the icon to view the data.) 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.) Muscateer Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 Data Table (In millions) 2019 2018 2017 2019 2018 2017 (Amounts in millions) Revenue $ 9,890 $ 9,690 $ 9,135 Revenues $ 9.135 Cost of Goods Sold 7,240 6,800 6,100 9,890 $ 7,240 9,690 $ 6,800 Cost of Goods Sold 6,100 Gross Profit Print Done
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