The following data (in millions) were taken from the financial statements of Costco Wholesale Corporation

a. For Costco, 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. Comment on the results of your horizontal analysis in part (a).
c. Based upon Exercise 2-23, compare and comment on the operating results of Target and Costco for the recent year.

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Recent Prior Year Year Revenue $141,576 $129,025 Operating expenses Operating income 137,096 $ 4,480 124,914 $ 4,111