McDonald Corp. reported the following on its comparative income statement (in millions):
$\begin{array}{llll}
&\underline{2019}&\underline{2018}&\underline{2017}\
\text { Revenue } & \$ 728 & \$ 675 & \$ 500 \
\text { Cost of goods sold } & 312 & 258 & 220
\end{array}$ Prepare a horizontal analysis of revenues and cost of goods sold, both in dollar amounts and in percentages, for 2019 and 2018. (Round your percentage answers to two decimal places.)

Question

McDonald Corp. reported the following on its comparative income statement (in millions):
 $\begin{array}{llll}
&\underline{2019}&\underline{2018}&\underline{2017}\
\text { Revenue } & \$ 728 & \$ 675 & \$ 500 \
\text { Cost of goods sold } & 312 & 258 & 220
\end{array}$ Prepare a horizontal analysis of revenues and cost of goods sold, both in dollar amounts and in percentages, for 2019 and 2018. (Round your percentage answers to two decimal places.)

Quizplus · Accepted Answer

The Answer of McDonald Corp. reported the following on its comparative income statement (in millions):
 $\begin{array}{llll}
&\underline{2019}&\underline{2018}&\underline{2017}\
\text { Revenue } & \$ 728 & \$ 675 & \$ 500 \
\text { Cost of goods sold } & 312 & 258 & 220
\end{array}$ Prepare a horizontal analysis of revenues and cost of goods sold, both in dollar amounts and in percentages, for 2019 and 2018. (Round your percentage answers to two decimal places.)

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