Provide a horizontal analysis of ups revenues

Reference no: EM13899856

United Parcel Service provides parcel delivery services around the world. The following table shows the various revenue sources for the comparative years ended December 31, 2004 and 2003:

Revenue (in millions): U.S. domestic package:

	2004	2003
Next Day Air	$ 6,040	$ 5,580
Two-to-Three Day Air	3,161	2,982
Ground	17,409	16,460
Total U.S. domestic package	$26,610	$25,022
International package:
Domestic	$ 1,346	$ 1,134
Export	4,944	4,001
Cargo	472	426
Total international package Non-package:	$ 6,762	$ 5,561
UPS Supply Chain Solutions (consulting services)	$ 2,346	$ 2,126
Other	864	776
Total non-package	$ 3,210	$ 2,902
Total	$36,582	$33,485

1. Provide a horizontal analysis of UPS revenues.

2. Why is the total percentage change not equal to the sum of the percentage changes for each of the major subcategories (U.S. domestic, international, and non-package)?

3. Interpret the horizontal analysis.

Reference no: EM13899856

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