The following data (in millions) are taken from the financial statements of Target Corporation: Recent Prior Year Year Revenue $72,618 $71,279 Operating expenses Operating income 68,083 66,109 $ 4,535 5,170 a. For Target Corporation, determine the amount of change in millions and the percent of change (round to one decimal place) from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income Ь. total operating expenses? -What conclusions can you draw from your analysis of the revenue and the
The following data (in millions) are taken from the financial statements of Target Corporation: Recent Prior Year Year Revenue $72,618 $71,279 Operating expenses Operating income 68,083 66,109 $ 4,535 5,170 a. For Target Corporation, determine the amount of change in millions and the percent of change (round to one decimal place) from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income Ь. total operating expenses? -What conclusions can you draw from your analysis of the revenue and the
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following data (in millions) are taken from the financial statements of Target Corporation:
Recent
Prior
Year
Year
Revenue
$72,618
$71,279
Operating expenses
Operating income
68,083
66,109
$ 4,535
5,170
a. For Target Corporation, determine the amount of change in millions and the percent
of change (round to one decimal place) from the prior year to the recent year
for:
1. Revenue
2. Operating expenses
3. Operating income
Ь.
total operating expenses?
-What conclusions can you draw from your analysis of the revenue and the
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