The following data (in millions) were taken the financial statements of Walmart Stores, Inc. Recent a. For

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The following data (in millions) were taken the financial statements of Walmart Stores, Inc. Recent

The following data (in millions) were taken the financial statements

a. For Walmart Stores, Inc., 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
b. Comment on the results of your horizontal analysis in part (a).
c. Based upon Exercise 2-23, compare and comment on the operating results of Target and Walmart for the recent year.
In Exercise 2-23, the following data (in millions) are taken from the financial statements of TargetCorporation.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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