The following data (in millions) are taken from the financial statements of Walmart stores, Inc : Year
Question:
The following data (in millions) are taken from the financial statements of Walmart stores, Inc:
Year 2 Year 1
Revenue $485,651 $476,294
Operating expenses 458,504 449,422
Operating income $ 27,147 $ 26,872
A. For Walmart, 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. Comment on the results of your horizontal analysis in requirement (A).
C. Based on ADM-3, compare and comment on the two-year change in operating results between Target and Walmart
Step by Step Answer:
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac