X S14-1 (similar to) Question Help Muscateer Corporation reported the following on its comparative income statement: (in millions) 2017 2016 2015 Revenue. ................ $12,831 $12,220 $11.750 Cost of sales................ $5,109 $4,300 $3,500 Perform a horizontal analysis of revenues and gross profitboth in dollar amounts and in percentagesfor 2017 and 2016. (Round your answers to two decimal places. Use a minus sign or parentheses to represent a decrease in amount or percentage.) Muscateer Corporation Comparative Income Statement For The Years Ended December 31, 2017 and 2016 Increasel(Decrease) (amounts in millions) 2017 2016 2017 2016 2015 Change Percentage Change Percentage $ 12,831 $ 12,220 $ 11,750 5,1094 ,300 3,500 $ 7,722 $ 7,920 $ 8,250 Revenue Cost of Sales Gross Profit S14-2 (similar to) 18 Question Help Mariner Group reported the following revenues and net income amounts: (in millions) Revenue. .........$ Net.income......................$ 2017 10,455 $ 515 $ 2016 10,045 $ 490 $ 2015 9,430 $ 470 $ 2014 10,250 500 a. b. Show Mariner Group's trend percentages for revenues and net income. Use 2014 as the base year and round to the nearest percent. Which measure increased faster during 2015 - 2017? a. Show Mariner Group's trend percentages for revenues and net income. Use 2014 as the base year and round to the nearest percent. (Round your answers to the nearest whole percent.) 2017 2016 2015 Trend percentages Revenue................ Net.income............... 0 % % % % D D 2014 100 % 100% % %