Looking for some help on solving the following questions: I am not sure if I did them
Question:
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Looking for some help on solving the following questions:
I am not sure if I did them correctly, but my answers are in bold. I have included the financial statements for the data as an attachment
1.Which of the following had the largest percentage change from 2011 to 2012: net sales, cost of sales, or selling, general, and administrative expenses?
Cost of sales decreased
None of the above
Net sales increased
Selling, general & administrative expenses increased.
2.Compare Target's 2012 net earnings (ye 2/2/2013) to its 2012 cash provided by operating activities. Which is larger?
Cash flow from operating activities by $2,326
Cash flow from operating activities by $5325
Net Income by $2326
Net Income by $2999
3.What percentage of Target's sales go to pay for the cost of goods being sold?
70.3%
7.3%
29.5%
5.9%
4.Approximately what percentage of credit card receivables did the company think will not be collected in 2012 and 2013? (gross receivables should be used in this computation)
2012 - none
2011 - 6.8%
2012 - none
2011 - 8.6%
2012 - none
2011 - 3.6%
2012 - none
2011 - 10.4%
5.What percentage of Target's total assets were comprised of inventory?
48.22%
16.4%
None of the above
56.3%
6.What percentage of Target's assets was being financed with liabilities (versus shareholders equity)?
29.1%
44.4%
65.6%
56.6%
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