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Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended January 28, 2012. Fiscal
Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended January 28, 2012. Fiscal year ended (5 millions) January 28, 2012 Sales $72,466 Net credit card revenues Total revenues 1,399 73,865 Credit card expenses Cost of sales Selling, general and administrative expenses Depreciation and amortization 47.860 14,106 446 2.131 Earnings before interest expense and income taxes 9.322 866 Net interest expense Earnings before income taxes 8,456 Provision for income taxes 1,527 56,929 Net earnings Note: Round your answers to one decimal place (ex: 0.0715-7.2%). TARGET CORPORATION Common-Size Income Statement Year Ended January 28, 2012 Sales Net credit card revenues Total revenues 0% 0% 096 Cost of sales Selling, general and administrative expenses 0% 0% Credit card expenses 0% Depreciation and amortization 0% Earnings before interest expense and income taxes 0% Net interest expense 0% Earnings before income taxes 09 Provision for income taxes 09 Net earnings 096
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