Examlex

Solved

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):
201720162015 Revenue $728$675$500 Cost of goods sold 312258220\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. )


Definitions:

Rapid Development

A business or technology strategy focusing on accelerating the design and development process to bring products or software to market quicker.

Annual Dividend

A recurring distribution of a portion of a company's earnings, declared by the board of directors, to its shareholders every year.

Dividends Increasing

A situation where a company is raising the dividend payments it makes to shareholders over time.

Market Rate

The prevailing interest rate available in the marketplace on investments or loans, determined by supply and demand forces.

Related Questions