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Horizontal Analysis of Income Statement The following data (in millions) are taken from the financial statements of Tarrow Corporation: Recent Year Prior Year Revenue $617,989

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Horizontal Analysis of Income Statement The following data (in millions) are taken from the financial statements of Tarrow Corporation: Recent Year Prior Year Revenue $617,989 $4.000 Operating expenses 521,500 500,000 Operating income $96.488 $8,000 a. For Tarrow Corporation, determine the amount of change in millions and the percent of change (round to one decimal place from the prior wear to the recent year for 2. Operating expenses 3. Operating income Amount of Change (in millions) Percent of Change (round to deal (round to 1 decimal place) Increase or D 1. Ravenue 2. Operating expenses 3. Operating income . During the recent year expenses

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