Horizontal analysis of income statement determine the

Question

Horizontal Analysis of Income Statement

The following data (in millions) were taken from the financial statements of Walmart Stores, Inc:

	Recent Year		Prior Year
Revenue	$446,950	$421,849
Operating expenses	420,392	396,307
Operating income	$ 26,558	$ 25,542

a.  For Walmart Stores, Inc., 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. Operatingexpenses
3. Operating income

	Amount of Change (in millions)	Percent of Change	Increase or Decrease
1. Revenue	$	%
2. Operating expenses	$	%
3. Operating income	$	%

b.  During the recent year, .

c.  The operating results of Target Corporation for the recent year are provided below.

	Amount of Change (in millions)	Percent of Change	Increase or Decrease
1. Revenue	$2,475	3.7 %	Increase
2. Operating expenses	$2,405	3.9 %	Increase
3. Operating income	$70	1.3 %	Increase

How should the operating results of Target and Walmart for the recent year be evaluated?