d) at the end of fiscal years 2015 and 2014 are Other company information follows: Income statement information.) amounts in m = er amounts in fero balance enter $0 where Target Corporation Income Statement (Adapted) For the Fiscal Years 2015 and 2014 (amounts in millions) 2015 2014 Sales revenues 73,785 $ 72,618 Less: Cost of goods sold 51,997 51,278 Gross profit 21,788 $ 21,340 Less: Operating expenses 16,258 16,805 Operating income 5,530 $ 4,535 Less: Interest expense 607 882 Income before income taxes 4,923 $ 3,653 Less: income tax expense 1,602 1.204 Net income 3,321 $ 2,449 Adapted from Target's income statements: 2015 fiscal year ended January 30, 2016, and 2014 fiscal year ended January 31, 2015. Net income shown is from continuing operations and does not include gains and losses from discontinued operations. - Interim calcul decimal places, X.XX.) Inve amounts in milli Debt Print Done lds and then continue to the next question. mation.) Target Corporation Balance Sheets (Adapted) End of Fiscal Year unts (amounts in millions) 2015 2014 Assets amount $ balance enter $0 w 4,046 S 8,601 1,483 2,210 8,282 3,132 Current assets: Cash, cash equivalents, and short term investments Inventory Other current assets Total current assets Property, plant, and equipment, net Other noncurrent assets Total assets 14,130 $ 13,624 25,217 2 5,952 S9151596 40,262 $ 41,172 Interim ca Bimal places, X.XX.) Liabilities amounts in Current liabilities: Accounts payable Other current liabilities Total current liabilities 7,418 $ 5,204 7,759 3,977 12,622 $ 11,736 lds and then Print Done Balance sheet Irmation.) Property, plant, and equipment, net Other noncurrent assets 25,217 915 25,952 1,596 Total assets 40,262 $ 41,172 ints 7,418 $ 5,204 Liabilities Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities 7,759 3,977 520 mound alance enter $0 when 12,622 $ 14,683 11,736 15,439 27,175 27,305 $ imal places, X.XX.) Stockholders' equity Common stock and additional paid in capital Retained earnings Total stockholders' equity 5,398 $ 7,559 12,957 $ 4,952 9,045 13,997 punts in 40.262 $ 41,172 Total liabilities and stockholders' equity NOTE: Target's 2015 and 2014 fiscal years ended January 30, 2016 and January 31, 2015, respectively. and then Print Done Read the requirement. in millions of dollars. Round your answer to two decimal places, X.XX.) Additional Info The company has few receivables since customers pay with cash, debit, or credit cards. Target's credit card operations were sold in 2013. Therefore, receivables are reported as part of other current assets. There were 627.7 million common shares issued and outstanding at the end of fiscal year 2015. Target had no preferred stock issued or outstanding. Cash dividends of $2.20 per share were declared during fiscal year 2015. The closing market price per share was $72.42 on January 30, 2016 (the end of fiscal year 2015) Print Done scal years 2015 and 2014 are Other company information follows: A (Click on the icon to view the additional info Read the requirement A Requirement Calculate the following ratios for fiscal year 2015: vith a zero balar 1. Current ratio 2. Acid-test ratio 3. Inventory turnover 4. Debt ratio 5. Times-interest-earned ratio 6. Rate of return on net sales 7. Rate of return on total assets 8. Rate of return on common stockholders' equity 9. Earnings per share of common stock 10. Pricelearnings ratio 11. Dividend yield 12. Book value per share of common stock ations to two decimal pild entory | Print Done dions of ratio Continue to the Target Corporation's income statement and balance sheet (adapted) at the end of fiscal years 2015 and 2014 are Other company information follows: presented below HIF (Click the icon to view the income statement.) (Click on the loon to view the additional information) TIE (Click the icon to view the balance sheet.) Read the 1. Current ratio Select the formula labels, then calculate the current ratio (Enter amounts in millions of dollars. Round your answer to two decimal places, XXX) Current ratio 2. Acid-test ratio Select the formula labels, then calculate the acid-test ratio Enter amounts in millions of dollars. Round your answer to the decimal places, XOC. For cours e s where por Acid est Patio 3. Inventory turnover Select the formula labels, then calculate the inventory turnover. Interim calculations are rounded to the nearest milions of dollars and the final answer is rounded to two decimal places ) Inventory umover 4. Debit ratio Select the formula labels, then calculate the debt ratio (Enter amounts in millions of dollars. Round the ratio to two decimal places, XXX) Debt ratio 5. Times interest earned ratio Choose from any list or enter any number in the input fields and then continue to the next question Other company information follows: (Click on the icon to view the additional information) HUU Income statement) EE (Click the icon to view the balance sheet.) Read the 5. Times interest earned ratio Select the formula labels, then calculate the times interesteamed ratio. (Enter amounts in millions of dollars. Round the ratio to two decimal places. XXX) 6. Rate of return on net sales Select the formula labels, then calculate the rate of return on net sales (Enter amounts in milions of dollars. Round the ti to the hundredth Rate of return on net sales 7. Rate of return on total assets Select the formula labels, then calculate the rate of return on total assets. Interim calculations are rounded to the nearest millions of dollars and total assets 8. Rate of retum on common stockholders' equity Select the formula labels, then calculate the rate of return on common stockholders' equity. (Enter amounts in milions of dollars Enter Rate of return on equity 9. Earnings per share of common stock Choose from any list or enter any number in the input fields and then continue to the next question 9. Earnings per share of common stock Select the formula labels, then calculate the comings per share. (Enter amounts in millions. Enter a "o" for accounts with a zero value. Round the ratio to nearestent xxx 10. Pricelearnings ratio Select the formula labels, then calculate the price/earings ratio. (Enter amounts to the nearest cent. Round your final answer to two decimal places, XXX) P/E ratio 11. Dividend yield Select the formula labels, then calculate the dividend yield. (Enter amounts to the nearest cent. Round the ratio to the nearest hundredth of a percent, XXC%) Dividend yield 12. Book value per share of common stock Select the formula labels, then calculate the book value per share of common stock (Enter amounts in millions Entera "O" for accounts with a zero value Round the ratio to the nearest cant ) Book value Choose from any list or enter any number in the input fields and then continue to the next