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Margaret Corp. reported the following on its comparative income statement:
Prepare a horizontal analysis of revenues and gross profit--both in dollar amounts and in percentages--for 2020 and 2019.
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Revenue | $9,910 | $9,600 | $9,230 |
| Cost of Goods Sold | 7,250 | 6,800 | 6,124 |
Prepare a horizontal analysis of revenues and gross profit--both in dollar amounts and in percentages--for 2020 and 2019.
| Increase (Decrease) 2020 | Increase (Decrease) 2019 | ||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | 2018 | Amount | Percent | Amount | Percent | |
| Revenue | |||||||
| COGS | |||||||
| Gross Profit | |||||||