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

question 132

Essay

McDonald Corp.reported the following on its comparative income statement (in millions):
$$\begin{array} { l l l l } & 2019 & 2018 & 2017 \\\text { Revenue } & \$ 72 8 & \$ 675 & \$ 500 \\\text { Cost of goods sold } & 312 & 258 & 220\end{array}$$ 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.)

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