The following data (in millions) were taken from the financial statements of Costco Whole- sale Corporation: Recent Year Prior Year $116,199 $112,640 Revenue Operating expenses Operating income 112,575 3,624 109,420 $3,220 a. For Costco, 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 Comment on the results of your horizontal analysis in part (a) b.
The following data (in millions) were taken from the financial statements of Costco Whole- sale Corporation: Recent Year Prior Year $116,199 $112,640 Revenue Operating expenses Operating income 112,575 3,624 109,420 $3,220 a. For Costco, 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 Comment on the results of your horizontal analysis in part (a) b.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The following data (in millions) were taken from the financial statements of Costco Whole-
sale Corporation:
Recent
Year
Prior
Year
$116,199
$112,640
Revenue
Operating expenses
Operating income
112,575
3,624
109,420
$3,220
a. For Costco, 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
Comment on the results of your horizontal analysis in part (a)
b.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F309e8e23-35c9-4b3e-8c2c-e40811d0d858%2Fc062b441-c50e-49c5-9963-cfff05b102dc%2Fhgnf9lr.jpeg&w=3840&q=75)
Transcribed Image Text:The following data (in millions) were taken from the financial statements of Costco Whole-
sale Corporation:
Recent
Year
Prior
Year
$116,199
$112,640
Revenue
Operating expenses
Operating income
112,575
3,624
109,420
$3,220
a. For Costco, 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
Comment on the results of your horizontal analysis in part (a)
b.
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