Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 4

Target: Horizontal analysis
The following data (in millions) are taken from the financial statements of Target Corporation , the owner of Target stores:

A. For Target, determine the amount of change in millions and the percent of change (rounded to one decimal place) from Year 1 to Year 2 for:
1. Revenue
2. Operating expenses
3. Operating income
B. What conclusions can you draw from your analysis of the revenue and total operating expenses?