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Given Target's financial statements, calculate the average tax rate. (Enter percentages as decimals and round to 4 decimals) Target (TGT) Numbers are in millions. Income
Given Target's financial statements, calculate the average tax rate. (Enter percentages as decimals and round to 4 decimals)
| Target (TGT) | ||||
| Numbers are in millions. | ||||
| Income Statement | Balance Sheet | |||
| FY2021 | FY2021 | |||
| Sales | 106,005 | Cash | 5911 | |
| COGS | 74,963 | Inventory | 13902 | |
| SGA | 19,752 | Other Current Assets | 1760 | |
| Deprec. | 2,344 | Total Current Assets | 21573 | |
| EBIT | 8,946 | Net PPE | 32238 | |
| Interest Expense | 39 | Total Assets | 53811 | |
| EBT | 8,907 | |||
| Taxes | 1,961 | Accounts Payable | 15478 | |
| Net Income | 6,946 | Other CL | 6098 | |
| Current portion of LTD | 171 | |||
| Dividends | 8,648 | Total CL | 21747 | |
| Add to RE | -1,702 | Long-term Debt | 19,237 | |
| Total Liab. | 40984 | |||
| Shares out | 488 | Common Stock | 6460 | |
| Price | $161.97 | Retained Earnings | 6367 | |
| Amortization | 500 | Total Equity | 12827 | |
| Total L and E | 53811 | |||
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
14th Edition
0137943601, 9780137943609
