Question
The following data (in millions) were taken from the financial statements of Tarrow Corporation: Recent Year Prior Year Revenue $403,098 $381,000 Operating expenses 345,384 324,000
The following data (in millions) were taken from the financial statements of Tarrow Corporation: Recent Year Prior Year Revenue $403,098 $381,000 Operating expenses 345,384 324,000 Operating income $57,714 $57,000 a. For Tarrow Corporation, determine the amount of change in millions and the percent of change from the prior year to the recent year for: Revenue Operating expenses Operating income (For those boxes in which you must enter negative numbers use a minus sign. Round percentage answers to one decimal place.) Amount of Change (in millions) Percent of Change (round to 1 decimal place) Increase or Decrease 1. Revenue $fill in the blank 1 fill in the blank 2 % 2. Operating expenses fill in the blank 4 fill in the blank 5 3. Operating income fill in the blank 7 fill in the blank 8 b. During the recent year, revenue and operating expenses . As a result, operating income , from the prior year.
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