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Book Calculator orizontal Analysis of Income Statement he following data (in millions) were taken from the financial statements of Costco Wholesale Corporation: Recent Year Revenue

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Book Calculator orizontal Analysis of Income Statement he following data (in millions) were taken from the financial statements of Costco Wholesale Corporation: Recent Year Revenue $916,874 $829,000 Operating expenses 867,844 796,000 Operating income $49,030 $33,000 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 Amount of Change Percent of Change Increase or Decrease (in millions) (round to 1 decimal place) 1. Revenue 2. Operating expenses 3. Operating income Amount of Change (in millions) Percent of Change (round to 1 decimal place) Increase or Decrease Revenue 1. Operating expenses 3. Operating income b. During the recent year, c. The operating results of Target Corporation for the recent year are provided below. Amount of Change Percent of Change Increase or Decrease 1. Revenue $11,424 10.3 % Increase $7,298 8.8 % Increase 2. Operating expenses 3. Operating income $4,410 15.5 % Increase How should the operating results of Target and Costco for the recent year be evaluated

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