Show Me How Calculator Print Iterr Questions The following data (in milions) are
ID: 2330139 • Letter: S
Question
Show Me How Calculator Print Iterr Questions The following data (in milions) are taken from the financial statements of Target Corporation, the owner of Target stores Year 2 $72 61800 $7127900 67 85700 6652000 54 76100 Year1 l Revenue Operating expenses Opereting income $4 959 00 a For Target determine the amount of change in miliona and the percent of change from Yeart to Year 2 for Rounded to one decimal place For those boxes in which you muet enter subtractive or negative numbers use a minua sign Revenue 2 Operating expenses 3. Operating income . Wha conclusions ican you drew from your analysia of the revenue and total ageraring ethendec?Explanation / Answer
b. Correct answer is : both revenue and expenses grew , but the expenses grew faster than the revenues between the two years.
Explanation:
Percentage of change is used to find the rate of growth between two years. Revenue groth rate is 1.88% whereas expenses growth rate is 2.32 % which is higher than the revenue rate.
Amount of changes in Millions Percentage of change Revenue 133900 1.88 % (7261800-7127900) 133900/7127900*100 Operating Expenses 1537 2.32 % (67857-66320) 1537/66320*100 Operating income -198 -3.99 % (4761-4959) 198/4959*100 Amount of change = Year 2 amount-year 1 amount Percentage of change= amount of change/year 1 amount *100