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Please summarize the horizontal analysis of income statement trends Horizontal Analysis of the Income Statements Target Corporation INSTRUCTIONSChange be heyou of the nporkyoung anddying, You

Please summarize the horizontal analysis of income statement trends

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Horizontal Analysis of the Income Statements Target Corporation INSTRUCTIONSChange be heyou of the nporkyoung anddying, You may drow brind FY 2020 FY 2019 $ Change % Change FY 2018 $ Change * Change Sales (use total revenue ] 18 561 15,449 2,756 3.66% Cost of sales 11,313 1,565 2.94% Gross margin 27 384 $ 23.248 4, 135 17 79% $ 21,037 1 191 5.40% Selling, general, and administrative expenses 2,381 1467% 510 3 .24% De predation and amortization (127] 539% 1EE Earnings from continuing operations before Interest and taxes ( or Operating Income] 6,539 $ 4,658 $ 1 81 40.38% $ 4,110 548 Net Interest expense (+Net other (Income] / expense ] 112.18% 34 Earnings from continuing operations before income taxes S 5,546 4,190 32.36% $ 3,676 514 Provision forincome taxes 27 90% 175 Net earnings from continuing operations S 4 368 3.269 1, 093 30.62% $ 2,930 309 1157% Discontinued operations, net of tax (12) 100.00% S 71 43% Net earnings/(joss) S 4,368 3,281 1, 087 30 13% $ 2,937 344 11 71%

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