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Analyze Wal-Mart The following data (in millions) are taken from the financial statements of Wal-Mart Stores, Inc. (WMT): a. For Walmart, determine the amount of change in millions and the percent of change rounded to one decimal place from Year 1 to Year 2 for: 1. Revenue 2. Operating expenses 3. Operating income b. Comment on the results of your horizontal analysis in requirement (a).

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Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663

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Chapter
Section
BuyFindarrow_forward

Financial And Managerial Accounting

15th Edition
WARREN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337902663
Chapter 2, Problem 5MAD
Textbook Problem
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Analyze Wal-Mart

The following data (in millions) are taken from the financial statements of Wal-Mart Stores, Inc. (WMT):

Chapter 2, Problem 5MAD, Analyze Wal-Mart The following data (in millions) are taken from the financial statements of

a. For Walmart, determine the amount of change in millions and the percent of change rounded to one decimal place from Year 1 to Year 2 for:

1. Revenue

2. Operating expenses

3. Operating income

b. Comment on the results of your horizontal analysis in requirement (a).

(a)

To determine

Determine the amount of change in millions, and the percentage of change from the Year 1 to the Year 2.

Explanation of Solution

Horizontal analysis of income statement:

In horizontal analysis of income statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current income statement, and its respective percentage can be computed by taking the earlier statement as the base...

(b)

To determine

Comment on the results of the horizontal analysis in requirement (a).

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Financial And Managerial Accounting
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