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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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:
- 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.
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