Donald Corp. reported the following on its comparative income statement:
$\begin{array}{llll}
(\text { In millions) } & 2017 & 2016 & 2015 \
\hline \text { Revenue } & \$ 728 & \$ 675 & \$ 500 \
\text { Cost of goods sold } & 312 & 258 & 220
\end{array}$ Prepare a horizontal analysis of revenues and cost of goods sold, both in dollar amounts and in percentages, for 2016 and 2017. Round your percentage answers to two decimal places.

Question

Donald Corp. reported the following on its comparative income statement:
 $\begin{array}{llll}
(\text { In millions) } & 2017 & 2016 & 2015 \
\hline \text { Revenue } & \$ 728 & \$ 675 & \$ 500 \
\text { Cost of goods sold } & 312 & 258 & 220
\end{array}$ Prepare a horizontal analysis of revenues and cost of goods sold, both in dollar amounts and in percentages, for 2016 and 2017. Round your percentage answers to two decimal places.

Quizplus · Accepted Answer

The Answer of Donald Corp. reported the following on its comparative income statement:
 $\begin{array}{llll}
(\text { In millions) } & 2017 & 2016 & 2015 \
\hline \text { Revenue } & \$ 728 & \$ 675 & \$ 500 \
\text { Cost of goods sold } & 312 & 258 & 220
\end{array}$ Prepare a horizontal analysis of revenues and cost of goods sold, both in dollar amounts and in percentages, for 2016 and 2017. Round your percentage answers to two decimal places.

Donald Corp Prepare a Horizontal Analysis of Revenues and Cost of Goods