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This is the sum which I previously got wrong. Please calculate the Increase (Decrease) value for the new sum. Thanks in Advance! Muscateer Corp. reported
This is the sum which I previously got wrong. Please calculate the Increase (Decrease) value for the new sum. Thanks in Advance!
Muscateer Corp. reported the following on its comparative income statement: BE: (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 Increase (Decrease) 2019 2018 2019 (Amounts in millions) 2018 2017 Amount Percentage Amount Percentage Revenues $ 275 3.0 % $ 325 3.6 % 9,575 $ 6,250 9,300 $ 6,000 8,975 $ 5,890 Cost of Goods Sold Gross Profit $ 3,325 $ 3,300 $ 3,085 $ 25 0.8 % $ 215 7.0% McCormick Corp. reported the following on its comparative income statement: (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.) McCormick Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 2019 2018 2017 (Amounts in millions) Revenues $ 9,275 9,975 $ 6,310 9,800 $ 6,200 Cost of Goods Sold 5,990 Gross Profit
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