The following data (in millions) are taken from the financial statements of Walmart stores, Inc : Year

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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

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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