Recent Year Prior Year Revenue $69,865 $67,390 Operating expenses 64,543 62,138 Operating income $ 5,322 $ 5,252
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?
Answer:
a.
1. Revenue:
$2,475 million increase ($69,865 – $67,390)
3.7% increase ($2,475 ÷ $67,390)
2. Operating expenses:
$2,405 million increase ($64,543 – $62,138)
3.9% increase ($2,405 ÷ $62,138)
3. Operating income:
$70 million increase ($5,322 – $5,252)
1.3% increase ($70 ÷ $5,252)
b. During the recent year, revenue increased by 3.7%, while operating expenses increased by 3.9%. As a result, operating income increased by 1.3%, from the prior year.
income statement
ReplyDeleteThe most significant report for any business is the benefit and misfortune proclamation, likewise called a P&L or salary explanation. https://www.eaccountinghelp.com/2019/05/major-reports-which-should-be-prepared.html
An asset report gives you a depiction of what a business has and owes at some random time. For private ventures, resources ordinarily incorporate things like ledgers, accounts receivables, and perhaps a speculation account. A monetary record may likewise incorporate resources like property, PCs, gear and other saleable physical and immaterial property. https://www.eaccountinghelp.com/2019/05/major-reports-which-should-be-prepared.html
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