The following data (in millions) is taken from the financial statements of Williams-Sonoma for years ending 2007 and 2006:

a. For Williams-Sonoma, comparing 2007 with 2006, determine the amount of change in millions and the percent of change for:

1. Net sales (revenues)

2. Total operating expenses

b. What conclusions can you draw from your analysis of the net sales and the total operating expenses?

Transcribed Image Text:

2007 2006 Net sales (revenues) $3,728 $3,539 Total operating expenses 3,400 3,194