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McAllister Corp. reported the following on its comparative income statement: (Click the icon to view the data.) Prepare a horizontal analysis of revenues and gross
McAllister Corp. reported the following on its comparative income statement: (Click the icon to view the data.) Prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2019 and 2018. Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 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.) McAllister Corp Income Statement - (Partial) Years Ended December 31, 2019 and 2018 Data Table 2019 2018 2017 $ (Amounts in millions) Revenues Cost of Goods Sold Gross Profit 9,890 $ 7,115 9,690 $ 6,990 9,135 6,800 (In millions) 2019 2018 2017 Revenue $ 9,890 $ 9,135 9.690 $ 6,990 Cost of Goods Sold 7,115 6.800 Print Done
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