The following data (in millions) are taken from the financial statements of Target Corporation , the owner
Question:
The following data (in millions) are taken from the financial statements of Target Corporation, the owner of Target stores:
Year 2 Year 1
Revenue $72,618 $71,279
Operating expenses 67,857 66,320
Operating income $ 4,761 $ 4,959
A. For Target, determine the amount of change in millions and the percent of change (rounded to one decimal place) from Year 1 to Year 2 for:
1. Revenue
2. Operating expenses
3. Operating income
B. What conclusions can you draw from your analysis of the revenue and total operating expenses?
Step by Step Answer:
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac