Horizontal Analysis of Income Statement The following data (in millions) are taken from the financial statements of Tarrow Corporation: Revenue Operating expenses Operating income 1. Revenue 2. Operating expenses 3. Operating income 1. Revenue Recent Year 2. Operating expenses 3. Operating income $844,254 710,283 $133,971 a. For Tarrow Corporation, determine the amount of change in millions and the percent of change (round to one decimal place) from the prior yea to the recent year for: Amount of Change (in millions) Prior Year b. During the recent year, revenue increased increased from the prior year. $801,000 681,000 $120,000 Percent of Change (round to 1 decimal place) % Increase or Decrease and operating expenses increased Increase Increase Increase . As a result, operating income

Horizontal Analysis of Income Statement The following data (in millions) are taken from the financial statements of Tarrow Corporation: a. For Tarrow Corporation, determine the amount of change in miltions and the percent of change (round to one decimal place) from the prior ye to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income b. During the recent year, revenue and operating expenses - As a result, operating income , from the prior year