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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 31, 2015. (Round
Common-Size Income Statements
Following is the income statement for Target Corporation. Prepare Targets common-size income statement for the fiscal year ended January 31, 2015. (Round your answers to one decimal place.)
($ millions) | Fiscal year ended January 31, 2015 |
---|---|
Sales revenue | $72,618 |
Cost of sales | 51,278 |
Selling, general and administrative expenses | 14,676 |
Depreciation and amortization | 2,129 |
Earnings from continuing operations before interest and income taxes | 4,535 |
Net interest expense | 882 |
Earnings from continuing operations before income taxes | 3,653 |
Provision for income taxes | 1,204 |
Net earnings from continuing operations | 2,449 |
Discontinued operations, net of tax | (4,085) |
Net earnings (loss) | $(1,636) |
TARGET CORPORATION Common-Size Income Statement | ||
---|---|---|
Year ended: | January 31, 2015 | |
Sales revenue | Answer% | |
Cost of sales | Answer% | |
Selling, general and administrative expenses | Answer% | |
Depreciation and amortization | Answer% | |
Earnings from continuing operations before interest expense and income taxes | Answer% | |
Net interest expense | Answer% | |
Earnings from continuing operations before income taxes | Answer% | |
Provision for income taxes | Answer% | |
Net earnings from continuing operations | Answer% | |
Discontinued operations, net of tax | Answer% | |
Net earnings (loss) | Answer% |
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