Horizontal Analysis of Income Statement The following data (in millions) were taken from the financial statements of Costco Wholesale Corporation: Revenue Operating expenses Operating income Recent Year $382,330 361,264 $21,056 Prior Year $346,000 332,000 $14,000 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 1. Revenue 2. Operating expenses 3. Operating income Amount of Change (in millions). Percent of Change (round to 1 decimal place) Increase or Decrease b. During the recent year, L c. The operating results of Target Corporation for the recent year are provided below. Amount of Change Percent of Change 10.2% 8.7% 1. Revenue $4,723 2. Operating expenses $3,013 3. Operating income $1,662 15.4 % Increase or Decrease Increase Increase Increase Previous Next