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I need the check all that apply answered please. Target Corporation Selected Income Statement, Balance Sheet, and Related Data1 Income Statement 2010 2009 2008 Sales

I need the "check all that apply" answered please.image text in transcribedimage text in transcribedimage text in transcribed

Target Corporation Selected Income Statement, Balance Sheet, and Related Data1 Income Statement 2010 2009 2008 Sales $65,786,000,000 $63,435,000,000 $62,884,000,000 Less: Cost of goods sold 45,725,000,000 44,062,000,000 44,157,000,000 Gross profit 20,061,000,000 19,373,000,000 18,727,000,000 Less: Selling, general, and 13,469,000,000 13,078,000,000 12,954,000,000 administrative expenses Less: Other expenses 860,000,000 1,521,000,000 1,609,000,000 Earnings before interest and5,252,000,000 4,673,000,000 4,402,000,000 taxes (EBIT) Less: Interest expense 757,000,000 801,000,000 866,000,000 Earnings before taxes (EBT) 4,495,000,000 3,872,000,000 3,536,000,000 Less: Taxes 1,575,000,000 1,384,000,000 1,322,000,000 Net income $2,920,000,000 $2,488,000,000 $2,214,000,000 Less: Common dividends paid 609,000,000 496,000,000 465,000,000 Dividends per share $0.87 $0.67 $0.62 Balance Sheet Data Assets: 2010 2009 2008 Cash and marketable $1,712,000,000 $2,200,000,000 $864,000,000 securities Receivables 6,153,000,000 6,966,000,000 8,084,000,000 Inventory 7,596,000,000 7,179,000,000 6,705,000,000 Other current assets 1,752,000,000 2,079,000,000 1,835,000,000 Total current assets 17,213,000,000 18,424,000,000 17,488,000,000 Net fixed assets 25,493,000,000 25,280,000,000 25,756,000,000 Other long-term assets 999,000,000 829,000,000 862,000,000 Total assets $43,705,000,000 $44,533,000,000 $44,106,000,000 Liabilities and Equity: Accounts payable $6,625,000,000 $6,511,000,000 $6,337,000,000 Accruals 3,326,000,000 3,120,000,000 2,913,000,000 Other current liabilities 119,000,000 1,696,000,000 1,262,000,000 Total current liabilities 10,070,000,000 11,327,000,000 10,512,000,000 Long-term liabilities 18,148,000,000 17,859,000,000 19,882,000,000 Total debt 28,218,000,000 29,186,000,000 30,394,000,000 Common stock 59,000,000 62,000,000 63,000,000 Additional paid-in capital 3,311,000,000 2,919,000,000 2,762,000,000 Retained earnings 12,117,000,000 12,366,000,000 10,887,000,000 Total equity 15,487,000,000 15,347,000,000 13,712,000,000 Total debt and equity $43,705,000,000 $44,533,000,000 $44,106,000,000 Other Relevant Data Common shares outstanding 704,038,218 744,644,454 752,712,464 Total dividends paid 609,000,000 496,000,000 465,000,000 Market price per share $54.35 $51.27 $31.20 To identify the accounts that contributed to these behaviors, consider the fluctuations in the asset and liability accounts over the three-year period. Therefore, from 2008 to 2010, the accounts that contributed to the previously identified change in the debt ratio include which of the following? Check all that apply. Other long-term assets, which changed by $137,000,000 Inventory, which changed by $891,000,000 Other current assets, which changed by $83,000,000 Cash and marketable securities, which changed by $848,000,000 Payables, which changed by $288,000,000 Receivables, which changed by $1,931,000,000 . Long-term liabilities, which changed by $1,734,000,000 Accruals, which changed by $413,000,000 Net fixed assets, which changed by $263,000,000 Other current liabilities, which changed by $1,143,000 64.56 % 65.54 % 68.91 % Target Corporation Debt Management Ratios Debt ratio 2010 2009 2008 Equity ratio 2010 2009 2008 Equity multiplier 2010 2009 2008 TIE ratio 2010 2009 2008 35.44 % 34.46 % 31.09 % 2.82 2.90 3.22 6.94 5.83 5.08 The data indicates that as Target's debt ratio decreases, its equity multiplier decreases . 3. Which of the following statements are correct? Check all that apply. The behavior of the debt ratio at least partially explains the observed behavior of Target's Accounts payable account between 2008 and 2010. One contributing factor to the observed behavior of the TIE ratio is the trend in Target's interest expense. The 37.66% increase in Target's EBIT, between 2008 and 2010, contributes to the observed behavior of the times-interest-earned (TIE) ratio. The behavior of the debt ratio at least partially explains the observed behavior of Target's Other Current liabilities account between 2008 and 2010. The behavior of the debt ratio at least partially explains the 7.16% reduction in the Total Debt account between 2008 and 2010. Target Corporation Selected Income Statement, Balance Sheet, and Related Data1 Income Statement 2010 2009 2008 Sales $65,786,000,000 $63,435,000,000 $62,884,000,000 Less: Cost of goods sold 45,725,000,000 44,062,000,000 44,157,000,000 Gross profit 20,061,000,000 19,373,000,000 18,727,000,000 Less: Selling, general, and 13,469,000,000 13,078,000,000 12,954,000,000 administrative expenses Less: Other expenses 860,000,000 1,521,000,000 1,609,000,000 Earnings before interest and5,252,000,000 4,673,000,000 4,402,000,000 taxes (EBIT) Less: Interest expense 757,000,000 801,000,000 866,000,000 Earnings before taxes (EBT) 4,495,000,000 3,872,000,000 3,536,000,000 Less: Taxes 1,575,000,000 1,384,000,000 1,322,000,000 Net income $2,920,000,000 $2,488,000,000 $2,214,000,000 Less: Common dividends paid 609,000,000 496,000,000 465,000,000 Dividends per share $0.87 $0.67 $0.62 Balance Sheet Data Assets: 2010 2009 2008 Cash and marketable $1,712,000,000 $2,200,000,000 $864,000,000 securities Receivables 6,153,000,000 6,966,000,000 8,084,000,000 Inventory 7,596,000,000 7,179,000,000 6,705,000,000 Other current assets 1,752,000,000 2,079,000,000 1,835,000,000 Total current assets 17,213,000,000 18,424,000,000 17,488,000,000 Net fixed assets 25,493,000,000 25,280,000,000 25,756,000,000 Other long-term assets 999,000,000 829,000,000 862,000,000 Total assets $43,705,000,000 $44,533,000,000 $44,106,000,000 Liabilities and Equity: Accounts payable $6,625,000,000 $6,511,000,000 $6,337,000,000 Accruals 3,326,000,000 3,120,000,000 2,913,000,000 Other current liabilities 119,000,000 1,696,000,000 1,262,000,000 Total current liabilities 10,070,000,000 11,327,000,000 10,512,000,000 Long-term liabilities 18,148,000,000 17,859,000,000 19,882,000,000 Total debt 28,218,000,000 29,186,000,000 30,394,000,000 Common stock 59,000,000 62,000,000 63,000,000 Additional paid-in capital 3,311,000,000 2,919,000,000 2,762,000,000 Retained earnings 12,117,000,000 12,366,000,000 10,887,000,000 Total equity 15,487,000,000 15,347,000,000 13,712,000,000 Total debt and equity $43,705,000,000 $44,533,000,000 $44,106,000,000 Other Relevant Data Common shares outstanding 704,038,218 744,644,454 752,712,464 Total dividends paid 609,000,000 496,000,000 465,000,000 Market price per share $54.35 $51.27 $31.20 To identify the accounts that contributed to these behaviors, consider the fluctuations in the asset and liability accounts over the three-year period. Therefore, from 2008 to 2010, the accounts that contributed to the previously identified change in the debt ratio include which of the following? Check all that apply. Other long-term assets, which changed by $137,000,000 Inventory, which changed by $891,000,000 Other current assets, which changed by $83,000,000 Cash and marketable securities, which changed by $848,000,000 Payables, which changed by $288,000,000 Receivables, which changed by $1,931,000,000 . Long-term liabilities, which changed by $1,734,000,000 Accruals, which changed by $413,000,000 Net fixed assets, which changed by $263,000,000 Other current liabilities, which changed by $1,143,000 64.56 % 65.54 % 68.91 % Target Corporation Debt Management Ratios Debt ratio 2010 2009 2008 Equity ratio 2010 2009 2008 Equity multiplier 2010 2009 2008 TIE ratio 2010 2009 2008 35.44 % 34.46 % 31.09 % 2.82 2.90 3.22 6.94 5.83 5.08 The data indicates that as Target's debt ratio decreases, its equity multiplier decreases . 3. Which of the following statements are correct? Check all that apply. The behavior of the debt ratio at least partially explains the observed behavior of Target's Accounts payable account between 2008 and 2010. One contributing factor to the observed behavior of the TIE ratio is the trend in Target's interest expense. The 37.66% increase in Target's EBIT, between 2008 and 2010, contributes to the observed behavior of the times-interest-earned (TIE) ratio. The behavior of the debt ratio at least partially explains the observed behavior of Target's Other Current liabilities account between 2008 and 2010. The behavior of the debt ratio at least partially explains the 7.16% reduction in the Total Debt account between 2008 and 2010

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