Begin by calculating the gross profit for each​ year, then prepare a horizontal analysis of revenues and gross profitlong dash—both in dollar amounts and in percentageslong dash—for 20192019 and 20182018. ​(Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal​ place, X.X%. Use a minus sign or parentheses to indicate a​ decrease.)   McDonald Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018                 (Amounts in millions) 2019 2018 2017 Revenues $9,575 $9,300 $8,975 Cost of Goods Sold 6,250 6,000 5,890 Gross Profit

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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Begin by calculating the gross profit for each​ year, then prepare a horizontal analysis of revenues and gross
profitlong dash—both
in dollar amounts and in
percentageslong dash—for
20192019
and
20182018.
​(Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal​ place, X.X%. Use a minus sign or parentheses to indicate a​ decrease.)
 
McDonald Corp.
Income Statement - (Partial)
Years Ended December 31, 2019 and 2018
 
 
 
 
 
 
 
 
(Amounts in millions)
2019
2018
2017
Revenues
$9,575
$9,300
$8,975
Cost of Goods Sold
6,250
6,000
5,890
Gross Profit
 
 
 
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