Share with fellow students your horizontal analysis from week 2 of Targets financial statements.

• What is the consensus?
• What line items stand out?
• What areas of the financial statement are consistent and what areas need improvement?

Tret Lorporation Horizontal Analysis IHCOHE STATEMENT For Years Ended December 31, 2018 and 2017 2018 2017 Increase or Decrease Aaount Anoint Amount Percent Revenue Sales 74.433 $ 71,786 $ 2,647 Other Revenue 923 928 (5) Total Revenue 75,356 $ 72,714 2,642 Cost of Sales 53,299 51,125 2,174 Selling, general and administrative expenses 15,723 15,140 583 Depreciation and amortization 2.224 2,225 Operating Income 4,110 $ 4.224 (114) Net interest expense 461 653 (192) Net other income) / expense (27) (59) Earnings from continuing operation before income tax $ 3,676 $ 3,630 Provision for income tax 722 Het earnings from continuing operations 22: 30 $ 2.908 Discontinued operations, net of tax Het earnings $ 2,937 $ 2,914 Basic earnings per share Continuing operations $ 5.54 $ 5.32 Discontinued operations 0.01 0.01 Net carning per share $ 5.55 $ 5.33 Dilated earnings per share Continuing operations $ 5.50 $ 5.29 0.21 Discontinued operation 0.01 0.01 Net earning per share $ 5.51 $ 5.30 0.21 Weighted average common share outstanding Basic $ 528.60 $ 546.80 (18.20) Diluted 533.20 550.30 (17.10) Antidilutive shares $ 4.60 $ 3.50 1.10 746 Tret Lorporation Horizontal Analysis IHCOHE STATEMENT For Years Ended December 31, 2018 and 2017 2018 2017 Increase or Decrease Aaount Anoint Amount Percent Revenue Sales 74.433 $ 71,786 $ 2,647 Other Revenue 923 928 (5) Total Revenue 75,356 $ 72,714 2,642 Cost of Sales 53,299 51,125 2,174 Selling, general and administrative expenses 15,723 15,140 583 Depreciation and amortization 2.224 2,225 Operating Income 4,110 $ 4.224 (114) Net interest expense 461 653 (192) Net other income) / expense (27) (59) Earnings from continuing operation before income tax $ 3,676 $ 3,630 Provision for income tax 722 Het earnings from continuing operations 22: 30 $ 2.908 Discontinued operations, net of tax Het earnings $ 2,937 $ 2,914 Basic earnings per share Continuing operations $ 5.54 $ 5.32 Discontinued operations 0.01 0.01 Net carning per share $ 5.55 $ 5.33 Dilated earnings per share Continuing operations $ 5.50 $ 5.29 0.21 Discontinued operation 0.01 0.01 Net earning per share $ 5.51 $ 5.30 0.21 Weighted average common share outstanding Basic $ 528.60 $ 546.80 (18.20) Diluted 533.20 550.30 (17.10) Antidilutive shares $ 4.60 $ 3.50 1.10 746