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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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