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S17-2 Performing horizontal analysis Verifine Corp. reported the following on its comparative income statement: 2017 2018 (In millions) Revenue Cost of Goods Sold 2019 $9,890

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S17-2 Performing horizontal analysis Verifine Corp. reported the following on its comparative income statement: 2017 2018 (In millions) Revenue Cost of Goods Sold 2019 $9,890 9,690 $9,135 6,250 6,000 5,890 Prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2019 and 2018

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