Question
Horizontal Analysis of Income Statement The following data (in millions) are taken from the financial statements of Tarrow Corporation. Recent Year Prior Year Revenue $399,688
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 millions and the percent of change (round to one decimal place) from the prior year to the recent year for: Revenue Operating expenses Operating income
b. During the recent year, revenue SelectincreaseddecreasedItem 10 and operating expenses SelectincreaseddecreasedItem 11 . As a result, operating income SelectincreaseddecreasedItem 12 , a(n) SelectfavorableunfavorableItem 13 trend from the prior year.
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