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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
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
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B.  During the recent year, revenue ( increased or decreased) and operating expenses (increased or decrease).As a result, operating income (increased or decreased) 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.
Transcribed Image Text: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.
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