5. Choice Corp. reported the following on its comparative income statement: (In millions) Net Sales...
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5. Choice Corp. reported the following on its comparative income statement: (In millions) Net Sales Revenue Cost of Goods Sold Prepare a horizontal analysis of net sales revenue, cost of goods sold, and gross profit-both in dollar amounts and in percentages. (Enter amounts in 2019 2018 $ 21,000$ 19,000 5,500 3,000 millions. Round the percentages to the nearest percent. X%. Use a minus sign or parentheses to indicate a decrease.) Choice, Corp Income Statement-(Partial) Years Ended December 31, 2019 and 2018 Increase (Decrease) 2018 Amount Percentage 2019 Amounts in millions) Net Sales Revenue Cost of Goods Sold Gross Profit $ 21,000 $ 19,000 5,500 3,000
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