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Horizontal Analysisof Income Statement The following data (in millions) were taken from the financial statements of Walmart Stores, Inc: Recent Year Prior Year Revenue $446,950
Horizontal Analysisof Income Statement
The following data (in millions) were taken from the financial statements of Walmart Stores, Inc:
Recent Year | Prior Year | ||
Revenue | $446,950 | $421,849 | |
Operating expenses | 420,392 | 396,307 | |
Operating income | $ 26,558 | $ 25,542 |
a. For Walmart Stores, Inc., 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
- Operatingexpenses
- Operating income
Amount of Change (in millions) | Percent of Change | Increase or Decrease | |
1. Revenue | $ | % | |
2. Operating expenses | $ | % | |
3. Operating income | $ | % |
b. During the recent year,.
c. The operating results of Target Corporation for the recent year are provided below.
Amount of Change (in millions) | Percent of Change | Increase or Decrease | |
1. Revenue | $2,475 | 3.7 % | Increase |
2. Operating expenses | $2,405 | 3.9 % | Increase |
3. Operating income | $70 | 1.3 % | Increase |
How should the operating results of Target and Walmart for the recent year be evaluated?
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