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Determine horizontal analysis of revenues and gross profit

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Reference no: EM132475044

Question 1: Begin by calculating the gross profit for each? year, then prepare horizontal analysis of revenues and gross profit both in dollar amounts and in percentages for 2019 2019 and 2018 2018.

(In millions)

                                      2019                 2018                 2017

Revenue                            $ 9,500            $9,250           $8,900

Cost of Goods Sold                $ 5,810             5,675           5,600

Reference no: EM132475044

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