Horizontal Analysis of Income Statement The following data (in millions) were taken from the financial statements of Target Corporation: Revenue Operating expenses Operating income Recent Year 1. Revenue $75,356 71,246 $4,110 2. Operating expenses 3. Operating income b. During the recent year, revenue Prior Year a. For Target Corporation, determine the amount of change in millions and the percent of change from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income $72,714 68,490 $4,224 (For those boxes in which you must enter negative numbers use a minus sign. Round percentage answers to one decimal place.) Percent of Change Amount of Change (in millions) (round to 1 decimal place) % and operating expenses R Increase or Decrease As a result, operating income P from the prior year.

Horizontal Analysis of Income Statement The following data (in millions) were taken from the financial statements of Target Corporation: Revenue Operating expenses Operating income Recent Year 1. Revenue $75,356 71,246 $4,110 2. Operating expenses 3. Operating income b. During the recent year, revenue Prior Year a. For Target Corporation, determine the amount of change in millions and the percent of change from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income $72,714 68,490 $4,224 (For those boxes in which you must enter negative numbers use a minus sign. Round percentage answers to one decimal place.) Percent of Change Amount of Change (in millions) (round to 1 decimal place) % and operating expenses R Increase or Decrease As a result, operating income P from the prior year.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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