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The following data (in millions) are taken from the financial statements of Tarrow Corporation: Recent Year Prior Year $933,498 $879,000 Revenue Operating expenses Operating income
The following data (in millions) are taken from the financial statements of Tarrow Corporation: Recent Year Prior Year $933,498 $879,000 Revenue Operating expenses Operating income 788,832 747,000 $132,000 $144,666 a. For Tarrow Corporation, determine the amount of change in millions and the percent of change (round to one deamal place) from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating Income Amount of Change Percent of Change (in millions) (round to 1 decimal place) 1. Revenue Increase or Decrease % 2. Operating expenses 3. Operating income b. During the recent year, revenue from the prior year and operating expenses As a result, operating income 26.54
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