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The following data (in millions) are taken from the financial statements of Tarrow Corporation: Revenue Operating expenses Operating income Recent Year Prior Year $847,440 $792,000

The following data (in millions) are taken from the financial statements of Tarrow Corporation: Revenue Operating expenses Operating income Recent Year Prior Year $847,440 $792,000 726,167 $121,273 673,000 $119,000 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: 1. Revenue 2. Operating expenses 3. Operating income Amount of Change (in millions) Percent of Change (round to 1 decimal place) Increase or Decrease Increase 1. Revenue 2. Operating expenses 3. Operating income Increase Increase b. During the recent year, revenue increased increased and operating expenses increased As a result, operating income Vfrom the prior year. Check My Work Previous Next >

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