The following data (in millions) are taken from the financial statements of Target Corporation: Recent Year Prior Year $71,279 66,109 $5,170 $72,618 Revenue Operating expenses Operating income 68,083 $ 4,535 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 b. What conclusions can you draw from your analysis of the revenue and the total operating expenses?

The following data (in millions) are taken from the financial statements of Target Corporation: Recent Year Prior Year $71,279 66,109 $5,170 $72,618 Revenue Operating expenses Operating income 68,083 $ 4,535 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 b. What conclusions can you draw from your analysis of the revenue and the total operating expenses?

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....

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