Horizontal Analysis of Income Statement The following data (in millions) are taken from the financial statements of Tarrow Corporation: Recent Year Prior Year Revenue $320,724 $302,000 Operating expenses 271,135 257,000 Operating income $49,589 $45,000 a. For Tarrow 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: Revenue Operating expenses Operating income Amount of Change (in millions) Percent of Change (round to 1 decimal place) Increase or Decrease 1. Revenue 2. Operating expenses 3. Operating income b. During the recent year, revenue _____________ and operating expenses____________ . As a result, operating income ___________ , from the prior year.
Horizontal Analysis of Income Statement The following data (in millions) are taken from the financial statements of Tarrow Corporation: Recent Year Prior Year Revenue $320,724 $302,000 Operating expenses 271,135 257,000 Operating income $49,589 $45,000 a. For Tarrow 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: Revenue Operating expenses Operating income Amount of Change (in millions) Percent of Change (round to 1 decimal place) Increase or Decrease 1. Revenue 2. Operating expenses 3. Operating income b. During the recent year, revenue _____________ and operating expenses____________ . As a result, operating income ___________ , from the prior year.
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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Horizontal Analysis of Income Statement
The following data (in millions) are taken from the financial statements of Tarrow Corporation:
| Recent Year | Prior Year | |||
| Revenue | $320,724 | $302,000 | ||
| Operating expenses | 271,135 | 257,000 | ||
| Operating income | $49,589 | $45,000 |
a. For Tarrow 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:
- Revenue
- Operating expenses
- Operating income
| Amount of Change (in millions) |
Percent of Change (round to 1 decimal place) |
Increase or Decrease |
|
| 1. Revenue | |||
| 2. Operating expenses | |||
| 3. Operating income |
b. During the recent year, revenue _____________ and operating expenses____________ . As a result, operating income ___________ , from the prior year.
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