Horizontal analysis of income statement
The following data (in millions) were taken the financial statements of Walmart Stores, Inc.
|
Recent Year |
Prior Year |
|
|
Revenue |
$421,849 |
$408,085 |
|
Operating expenses |
396,307 |
384,083 |
|
Operating income |
$ 25,542 |
$ 24,002 |
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:
a. Revenue
b. Operating expenses
c. 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.