Horizontal analysis of income statement
The following data (in millions) are taken from the financial statements of Target
|
Recent Year |
Prior Year |
|
|
Revenue |
$67,390 |
$65,357 |
|
Operating expenses |
62,138 |
60,684 |
|
Operating income |
$ 5,252 |
$ 4,673 |
a. For Target Corporation, 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
a. What conclusions can you draw from your analysis of the revenue and the total operating expenses?