Walmart's revenue CAGR from 2002-2005 was 11.85%, their COGS CAGR was 11.41% and their operating expenses were 13.55%. Meanwhile Target's revenue CAGR from the same time period was 7.80%, 7.15% for COGS and 14.23% for SGA. Firstly, the face value revenue CAGR indicates Walmart's superior growth in this time period, as it was able to grow its revenue considerably more than Target. This perhaps could be related to the previous paragraph, as Walmart has more inventory in stock at all times to sell and distribute across the country. A concern for both companies is that their SGA expenses are growing faster than their revenue. While this is unprofitable in the long run for both companies, it's far more concerning for Target, as their SGA growth was almost double their revenue growth, and their cash reserves are significantly less than Walmart. One positive takeaway for both companies is that revenue is increasing faster than COGS. This means economies of scale could be achieved, if they are able to reduce the growth of their SGA expenses and make higher profits on each unit produced. How can I response