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Business, 08.05.2021 02:40 joelxl101

McCormick Corp. reported the following on its comparative income​ statement: Mariner Corp.
Income Statement - (Partial)
Years Ended December 31, 2019 and 2018
Increase (Decrease)
2019 2018
(Amounts in
millions) 2019 2018 2017 Amount Percentage Amount Percentage
Revenues 9,575 $9,300 $8,975
Cost of
Goods Sold 7,240 6,800 6,100
Gross Profit $2,335 $2,500 $2,875
Prepare a horizontal analysis of revenues and gross profit—both in dollar amounts and in percentages—for 2025. Begin by calculating the gross profit for each​ year, then prepare a horizontal analysis of revenues and gross profit—both in dollar amounts and in percentages—for 2025.

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McCormick Corp. reported the following on its comparative income​ statement: Mariner Corp.
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