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Which of the following had the largest percentage change from 2014 to 2015: net sales; cost of sales; or selling, general, and administrative expenses? Show

Which of the following had the largest percentage change from 2014 to 2015: net sales; cost of sales; or selling, general, and administrative expenses? Show all computations.

Financial Summary Target 2015 Annual Report

FINANCIAL RESULTS: (in millions) 2015 2014

Sales $73,785 $72,618

Cost of Sales $51,997 $51,278

Selling, general and administrative expenses (SG&A) $14,665 $14,676

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