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Horizontal Analysis of Income Statement The following data (in millions) were taken from the financial statements of Target C

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Answer #1
Amount of Change
(in millions)
Percent of Change Increase or Decrease
1. Revenue $ 2,642
( $ 75,356 (-) $ 72,714 )
3.6%
( $ 2,642 / $ 72,714 )
Increase
2. Operating expenses $ 2,756
( $ 71,246 (-) $ 68,490 )
4%
( $ 2,756 / $ 68,490 )
Increase
3. Operating income ($ 114)
( $ 4,110 (-) $ 4,224 )
(2.7%)
( $ 114 / $ 4,224 )
Decrease
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