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

question 76

Essay

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.