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Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Targets 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 Targets common-size income statement for the fiscal year ended January 28, 2012.
($ millions) | Fiscal year ended January 28, 2012 |
---|---|
Sales | $68,466 |
Net credit card revenues | 1,399 |
Total revenues | 69,865 |
Cost of sales | 47,860 |
Selling, general and administrative expenses | 14,106 |
Credit card expenses | 446 |
Depreciation and amortization | 2,131 |
Earnings before interest expense and income taxes | 5,322 |
Net interest expense | 866 |
Earnings before income taxes | 4,456 |
Provision for income taxes | 1,527 |
Net earnings | $2,929 |
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 | Answer | |
Net credit card revenues | Answer | |
Total revenues | Answer | |
Cost of sales | Answer | |
Selling, general and administrative expenses | Answer | |
Credit card expenses | Answer | |
Depreciation and amortization | Answer | |
Earnings before interest expense and income taxes | Answer | |
Net interest expense | Answer | |
Earnings before income taxes | Answer | |
Provision for income taxes | Answer | |
Net earnings | Answer |
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