Homework SoursePaw Resorts Inc provides the following data Prepare a horizo
Paw Resorts Inc. provides the following data:
Prepare a horizontal analysis of Revenues and Gross Profit--both in dollar amounts and in percentages. Show your calculations to receive full credit for this problem.
| (In Millions) | 2016 | 2015 |
| Revenues | $15,700 | $13,900 |
| Cost of Goods Sold | $5,500 | $6,150 |
Solution
Horizontal analysis :
| 2016 | 2015 | Increase amount | Increase percentage | |
| Revenues | 15700 | 13900 | 1800 | 12.95% |
| Cost of goods sold | 5500 | 6150 | -650 | -10.57% |
| Gross profit | 10200 | 7750 | 2450 | 31.61% |
