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Horizontal Analysis of Income Statement The following data (in millions) were taken from the financial statements of Costco Wholesale Corporation: a. For Costco, determine the

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Horizontal Analysis of Income Statement The following data (in millions) were taken from the financial statements of Costco Wholesale Corporation: a. For Costco, determine the amount of change in millions and the percent of change from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income (For those boxes in which you must enter negative numbers use a minus sign. Round percentage answers to one decimal place b. c. 1. 2. 3. How should the operating results of Target and Costco for the recent year be evaluated

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