S18-1 Horizontal analysis McCormick Ltd reported the following on its comparative income statement: (In millions) 2016 2015 2014 Revenue $9 575 $9 300 $8 975 Cost of sales 6 000 5 975 5 900...


S18-1 Horizontal analysis<br>McCormick Ltd reported the following on its comparative income statement:<br>(In millions)<br>2016<br>2015<br>2014<br>Revenue<br>$9 575<br>$9 300<br>$8 975<br>Cost of sales<br>6 000<br>5 975<br>5 900<br>Requirement<br>Prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in<br>percentages-for 2016 and 2015.<br>

Extracted text: S18-1 Horizontal analysis McCormick Ltd reported the following on its comparative income statement: (In millions) 2016 2015 2014 Revenue $9 575 $9 300 $8 975 Cost of sales 6 000 5 975 5 900 Requirement Prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2016 and 2015.

Jun 11, 2022
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