Calculate the Return on Assets ratio for the latest year. Are they using their assets effectively to generate profits? What depreciation method are they using? (for method used, look in their notes)

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\#3. Return On Assets Return on assets = net income / average total assets Averagetotalassets=(53,335+53,811)/2=53,573 Return on Asset =2,780/53,573 =5.2% I think target is using their assets effectively to generate profits. They are generating around $5 in net income for every dollar in their assets. So, we would say that Target ROS which is 5% is good. Target use straight-line method for their Depreciation