$\backslash$table$[[\backslash$table$[[$Revenues$],[($millions$)]],,2022,2021,2020],[$Apparel and accessories ${?}^{(a)},$$$,17,646$$$,17,931$$$,14,772],[$Beauty and household essentials ${?}^{(b)},,29,575,27,268,24,461],[$Food and beverage ${?}^{(c)},,22,918,20,306,18,135],[$Hardlines ${?}^{(d)},,17,739,18,614,16,626],[$Home furnishings and d$$cor ${?}^{(e)},,19,463,20,255,18,231],[$Other$,,247,237,175],[$Sales$,,107,588,104,611,92,400],[$Credit card profit sharing,,$734,710,666],[$Other$,,798,684,495],[$Other revenue,,$1,532,1,394,1,161],[$Total revenue,$$,109,120$$$,106,005$$$,93,561]]$

In looking at the composition of sales by product line $($for example apparel, beauty, food, hardlines, home furnishings$),$ which statement best describes the change from $2021$ to $2022.$ Perform both horizontal and vertical analysis on the sales detail to answer this question.

Horizontal analysis $($also called trend analysis$)$ computes a percent change in the account and uses the following formula.

$($current year $-$ prior year$)/$prior year

Vertical analysis looks at the proportion of one account to a total amount. It is computed as follows:

Account$/$Total of two or more accounts

$1)$

Beauty and Household supplies ranked as the highest selling product line. This product line also had the highest percentage growth increase from $2021$ to $2022.$

$2)$

As the effects of the pandemic declined, shoppers continued to increase spending on apparel. The greatest percentage increase in sales from $2021$ to $2022$ occurred in the apparel line.

$3)$

There was little notable change in Target's product line sales from $2021$ to $2022.$ All the product lines $($Apparel$,$ Food, Beauty, Hardlines, and Home$)$ increased by the same rate of between $2\%$ and $6\%.$

$4)$

The category of sales that experienced the highest increase from $2021$ to $2022$ was food and beverage. Inflation likely contributed to the increase.