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: b. 1. Revenue 2. Operating expenses 3. Operating income SHOW ANSWER 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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Obj. 5
The
following
data (in millions) are taken from the financial statements of
Target Corporation:
▸ Details
Revenue
Operating expenses
Operating income
Show
Me
How
1. Revenue
2. Operating expenses
3. Operating income
SHOW ANSWER
FAI
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:
Recent
Year
$72,618
68,083
$ 4,535
b.
and the total operating expenses?
Prior
Year
$71,279
66,109
$ 5,170
Real
World
What conclusions can you draw from your analysis of the revenue
Transcribed Image Text:Obj. 5 The following data (in millions) are taken from the financial statements of Target Corporation: ▸ Details Revenue Operating expenses Operating income Show Me How 1. Revenue 2. Operating expenses 3. Operating income SHOW ANSWER FAI 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: Recent Year $72,618 68,083 $ 4,535 b. and the total operating expenses? Prior Year $71,279 66,109 $ 5,170 Real World What conclusions can you draw from your analysis of the revenue
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