The following data (in millions) are taken from the financial statements of Target Corporation (TGT), the owner of Target stores a For Target, determine the amount of change in millions and the percent of change rounded to one decimal place from Year 1 to Year 2 for 1 Revenue 2 Operating expenses 3...

a 1 Revenue 73785 72618 1167 2 Operating expenses 68875 6808 ...

The following data (in millions) are taken from the financial statements of Target Corporation (TGT), the owner

Question:

The following data (in millions) are taken from the of Target (TGT), the owner of Target stores:

Year 2 Year 1 $ 73,785 (68,875) $ 4,910 $ 72,618 (68,083) $ 4,535 Revenue Operating expenses Operating income

a. For Target, determine the amount of change in millions and the percent of change rounded to one decimal place from Year 1 to Year 2 for:
1. Revenue
2. Operating expenses
3. Operating income
b. What conclusions can you draw from your analysis of the revenue and total operating expenses?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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