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can you explain me how he got answer for the cost of sale 55195 . it is already been solved just want explanation Ask Ask.com

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can you explain me how he got answer for the cost of sale 55195 . it is already been solved just want explanation

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Ask Ask.com X G Two-Year-Ahead Forecastin X G Cost of sales as % of Total r X C Search Textbook Solutions | X mic Practice HW8 (Module 11) X + X -> C A mybusinesscourse.com/platform/mod/quiz/review.php?attempt=4182284&cmid=241400 G a .. . Total shareholders' investment O X O X Total liabilities and shareholders' investment $ Ox $ O X We forecast Target's financials beginning with the income statement for both years. Target Corp Forecasted Statements of Operations $ millions Actual Forecast Forecast Feb. 02, 2019 Forecast Assumptions Feb. 2020 Forecast Assumptions Feb. 2021 Total revenue $ 75,356 75,356 1.036 78,069 78,069 x 1.036 $ 80,879 Cost of sales 53,299 78,069.0 70.7% 55,195 80,879.0 70.7% 57,181 Selling, general and administrative expenses 15,723 78,069.0 20.9% 16,316 80,879.0 x 20.9% 16,904 Depreciation and amortization 2,224 2,565 2,565 2,778 2,778 Operating income 4,110 Sub-total 3,993 Sub-total 4,016 Net interest expense 461 No change 461 No change 461 Net other (income) / expense (27) No change (27) No change (27) Earnings from continuing operations before income taxes 3,676 Sub-total 3,559 Sub-total 3,582 Provision for income taxes 746 3,559 20% 712 3,582 20% 716 Net earnings from continuing operations 2,930 2,847 2,866 Discontinued operations, net of tax Net earnings $ 2,937 $ 2,847 $ 2,866 Target Corp Forecasted Statements of Financial Position Type here to search O M V X W 1:12 AM 11/1/2020

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