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Problem - Horizontal Analysis of Income Statement

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Problem - Horizontal Analysis of Income Statement

The following data (in millions) is taken from the financial statements of Target Corporation.

2009

2008

Net sales (revenues)

$64,948

$63,367

Total operating expenses

60,546

58,095

a. For Target Corporation, comparing 2009 with 2008, 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?

 

Reference no: EM132679472

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