The following data (in millions) were taken from the financial statements of Tarrow Corporation:   Recent Year Prior Year Revenue $698,324   $649,000   Operating expenses 598,368   552,000   Operating income $99,956   $97,000     a.  For Tarrow Corporation, determine the amount of change in millions and the percent of change from the prior year to the recent year for: Revenue Operating expenses Operating income (For those boxes in which you must enter negative numbers use a minus sign. Round percentage answers to one decimal place.)   Amount of Change (in millions) Percent of Change (round to 1 decimal place) Increase or Decrease 1. Revenue $fill in the blank 1 fill in the blank 2%   2. Operating expenses   fill in the blank 4 fill in the blank 5   3. Operating income   fill in the blank 7 fill in the blank 8     b.  During the recent year, revenue   and operating expenses  . As a result, operating income  , from the prior year.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following data (in millions) were taken from the financial statements of Tarrow Corporation:

  Recent Year Prior Year
Revenue $698,324   $649,000  
Operating expenses 598,368   552,000  
Operating income $99,956   $97,000  

 

a.  For Tarrow 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

(For those boxes in which you must enter negative numbers use a minus sign. Round percentage answers to one decimal place.)

  Amount of Change
(in millions)
Percent of Change
(round to 1 decimal place)

Increase or Decrease
1. Revenue $fill in the blank 1 fill in the blank 2%  
2. Operating expenses   fill in the blank 4 fill in the blank 5  
3. Operating income   fill in the blank 7 fill in the blank 8  

 

b.  During the recent year, revenue   and operating expenses  . As a result, operating income  , from the prior year.

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