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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 32
Walmart: Horizontal analysis
The following data (in millions) are taken from the financial statements of Walmart Stores, Inc. :
A. For Walmart, 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. Comment on the results of your horizontal analysis in requirement (A).
C. Based on ADM-3, compare and comment on the two-year change in operating results between Target and Walmart.
The following data (in millions) are taken from the financial statements of Walmart Stores, Inc. :
A. For Walmart, 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. Comment on the results of your horizontal analysis in requirement (A).
C. Based on ADM-3, compare and comment on the two-year change in operating results between Target and Walmart.
Explanation
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Verified
Revenue is total collection from sales m...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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