Did CVS Health sales (Revenue) increase or decrease, and what was the change on a...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Did CVS Health sales (Revenue) increase or decrease, and what was the change on a year-over-year (YOY) basis? YOY compares the same quarter in two different years and is a standard metric used in business. It's the same way you might compare how much you could deadlift, or how fast you can run a mile, this summer compared to last summer. What is cited as the reason for the change in revenue? Did Operating Expenses increase or decrease YOY and by what percent? What reasons were cited for the change in Operating Expenses? Lastly, the bottom line, profits. Remember, Revenue Expenses = Profit or Loss. If it is a positive number, they made a profit. If Net Income is a negative number, they had a loss. Did the company make a profit this quarter and what was the YOY change?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!