Donald Corp.reported the following on its comparative income statement (in millions):
$$\begin{array} { l l l l }
& 2017 & 2016 & 2015 \
\text { Revenue } & \$ 728 & \$ 675 & \$ 500 \
\text { Cost of goods sold } & 312 & 258 & 220
\end{array}$$ 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 (in millions):
 $$\begin{array} { l l l l } 
& 2017 & 2016 & 2015 \
\text { Revenue } & \$ 728 & \$ 675 & \$ 500 \
\text { Cost of goods sold } & 312 & 258 & 220
\end{array}$$ 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 (in millions):
 $$\begin{array} { l l l l } 
& 2017 & 2016 & 2015 \
\text { Revenue } & \$ 728 & \$ 675 & \$ 500 \
\text { Cost of goods sold } & 312 & 258 & 220
\end{array}$$ 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