Financial Accounting
15th Edition
ISBN: 9781337272124
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Textbook Question
Chapter 2, Problem 24E
The following data (in millions) were taken from the financial statements of Costco Wholesale Corporation:
- 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
- b.
Comment on the results of your horizontal analysis in part (a). - c. Based upon Exercise 2-23, compare and comment on the operating results of Target and Costco for the recent year.
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Chapter 2 Solutions
Financial Accounting
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