anwser a, b, c thankyouu
Target Corporation Income Statement For Years Ended December 31 (All numbers in millions 2018 $72,700 51,100 21,600 15.000 Sales Cost of goods sold Gross profit Operating expenses other than depreciation Earnings before interest, taxes, and depreciation Depreciation expense Earnings before interest and taxes Interest expense Earnings before taxes Tax expense Earnings after taxes 2009 $75,400 53,300 22,100 15,400 6,700 2,500 4.200 500 3,700 ADO $2.900 2,500 4.100 500 3.500 DO S2 Tax rate in 2019 was 22% Tax rate in 2018 was 22% Target Corporation Balance Sheet December 31 (All numbers in milions 2019 2018 $1,600 1.100 11100 13.800 27500 $41300 $2,500 900 10,400 13.900 26.400 $40.000 Assets Current assets Cash Receivables Inventory Total current assets Property, plant, and equipment Total assets Debt and Stockholders' Equity Current debt Accts payable Notes payable Accruals Total current debt Long-term debt Total debt Stockholders' equity Capital stock Treasury stock Retained earnings Total stockholders' equity Total debt and stockholders' equity S8.800 1200 4.000 15.000 15 000 30.000 $8,700 300 4,100 13.100 15.500 28,600 6.100 -800 6,000 11.300 S41300 5.900 -700 6.500 11.700 $40.300 Additional Information: 1. Target Corporation has 500,000,000 shares of common stock outstanding. The market value per share is $150. 2. Target Corporation's cost of money is 6% Required: All calculations need to be in context of figures provided above. (9 pts.) a). Calculate the 2019 DuPont Identity and discuss what the DuPont Identity reveals. (6 pts.) b). Calculate the inventory-holding period and the receivables holding period for 2019 and discuss what these two metrics indicate. (6 pts.) c). Calculate the current ratio and the quick ratio for 2019 and discuss what these ratios indicate. Target Corporation Income Statement For Years Ended December 31 All numbers in millions Sales Cost of goods sold Gross profit Operating expenses other than depreciation Earnings before interest, taxes, and depreciation Depreciation expense Earnings before interest and taxes Interest expense Earnings before taxes Tax expense Earnings after takes 2012 $75,400 53,300 22,100 15.400 6,700 2,500 4,200 500 3,700 800 $2.900 2011 572,700 51,100 21,600 15,000 6,600 2.500 4.100 500 3,600 300 S2.DO Tax rate in 2019 was 22% Tax rate in 2018 was 22%. Target Corporation Balance Sheet December 31 (All numbers are in milions) 2019 2018 $1,600 1,100 11 100 13,800 27,500 $41.300 $2,600 900 10,400 13,900 26,400 $40.300 Assets Current assets Cash Receivables Inventory Total current assets Property, plant, and equipment Total assets Debt and Stockholders' Equity Current debt Accts payable Notes payable Accruals Total current debt Long-term debt Total debt Stockholders' equity Capital stock Treasury stock Retained earnings Total stockholders' equity Total debt and stockholders' equity $9,800 1.200 4,000 15,000 15,000 30,000 $8,700 300 4,100 13,100 15,500 28,600 6,100 -800 6,000 5,900 -700 6,500 11,700 $4300 11,300 S4L300 Additional information: 1. Target Corporation has 500,000,000 shares of common stock outstanding. The market value per share is $150 2. Target Corporation's cost of money is 6 All calculations need to be in context of figures provided above. (9 pts.) a). Calculate the 2019 DuPont Identity and discuss what the DuPont Identity reveals. (6 pts.) b). Calculate the inventory-holding period and the receivables holding period for 2019 and discuss what these two metrics indicate. (6 pts.) c). Calculate the current ratio and the quick ratio for 2019 and discuss what these ratios indicate
