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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.
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 Sales ($ millions) Net credit card revenues Total revenues Cost of sales Selling, general and administrative expenses Credit card expenses Depreciation and amortization Earnings before interest expense and income taxes Net interest expense Earnings before income taxes Provision for income taxes ended January 28, 2012 $75,466 1,399 76,865 47,860 14,106 446 2,131 12,322 866 11,456 1,527 $9,929 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 Cost of sales % % % % Selling, general and administrative expenses Credit card expenses Depreciation and amortization Earnings before interest expense and income taxes % % % % Net interest expense Earnings before income taxes Provision for income taxes Net earnings % % % %
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