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

question 125

Essay

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. )

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Definitions:

Sperm

The male gamete or reproductive cell involved in sexual reproduction, which carries genetic information to the ovum.

Dominant Genes

Genetic traits that are expressed in the phenotype even when only one copy is present, overshadowing recessive genes.

Recessive Genes

Genes that are expressed in offspring only when inherited from both parents, as opposed to dominant genes, which are expressed when inherited from just one parent.

Genetically Inherited Factors

Characteristics and traits passed from parents to offspring through their genes.