The following data (in millions) are taken from the financial statements of Target Corporation:
a. For Target Corporation, 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. What conclusions can you draw from your analysis of the revenue and the total operating expenses?

Transcribed Image Text:

Recent Year Prior Year Revenue $75,356 Operating expenses Operating income 71,246 $ 4,110 $72,714 68,490 $ 4,224