Question
please answer all questions or don't answer at all. only answering part of it just wastes my questions that I have to pay good money
please answer all questions or don't answer at all. only answering part of it just wastes my questions that I have to pay good money for. I will give thumbs up if complete and correct. thank you.
options for blanks (in order): 1 good, intermediate 2 40,606,236 8,068,010 48,674,246 3 increase, decease 4 decreased, increased 5 decrease, increase 6 greater, less 7 preferred, common, common and preferred 8 EBIT, net income 9 32.32%, 24.25%, 44. 67% 10 50.91%, 38.79%, 49.70%
i double checked and the options for the 3rd blank are indeed "increase" and "decrease"
A Financial Ratio Analysis of Target Corporation An Assessment of Its Market Value Ratios Assume that you are an existing shareholder of Target Corporation (TGT), a retailer of "everyday essentials and fashionable, differentiated merchandise at discounted prices, "and are interested in the company's historical and current financial activities and performance. Use the following financial data for Targetto complete and conduct your financial ratio analysis. Then answer the questions that follow. Remember, the results of a ratio analysis often identify issues requiring additional investigation. 2009 2008 Target Corporation Selected Income Statement, Balance Sheet, and Related Data! Income Statement 2010 Sales $65,786,000,000 Credit card revenues 1,604,000,000 Less: Cost of goods sold 45,725,000,000 Gross profit $20,061,000,000 Less: Selling, general, and administrative expenses 13,469,000,000 Less: Other expenses 860,000,000 Less: Depreciation and amortization 2,084,000,000 Earnings before interest and taxes (EBIT) $5,252,000,000 Less: Interest expense 757,000,000 Earnings before taxes (EBT) $4,495,000,000 Less: Taxes 1,575,000,000 Net income $2,920,000,000 Less: Common dividends paid $609,000,000 Dividends per share $0.92 $63,435,000,000 $62,884,000,000 1,922,000,000 2,064,000,000 44,062,000,000 44,157,000,000 $19,373,000,000 $18,727,000,000 13,078,000,000 12,954,000,000 1,521,000,000 1,609,000,000 2,023,000,000 1,826,000,000 $4,673,000,000 $4,402,000,000 801,000,000 866,000,000 $3,872,000,000 $3,536,000,000 1,384,000,000 1,322,000,000 $2,488,000,000 $2,214,000,000 $496,000,000 $465,000,000 $0.67 $0.62 Finance In Action - Ratio Analysis Balance Sheet Data Assets: Cash and marketable securities Receivables Inventory Other current assets Total current assets 2010 2009 2008 $1,712,000,000 $2,200,000,000 $864,000,000 6,153,000,000 6,966,000,000 8,084,000,000 7,596,000,000 7,179,000,000 6,705,000,000 1,752,000,000 2,079,000,000 1,835,000,000 $17,213,000,000 $18,424,000,000 $17,488,000,000 25,493,000,000 25,280,000,000 25,756,000,000 999,000,000 829,000,000 862,000,000 $43,705,000,000 $44,533,000,000 $44,106,000,000 Net fixed assets Other long-term assets Total assets Llabilities and Equity: Accounts payable Accruals Other current liabilities Total current liabilities Long-term liabilities Total debt $6,625,000,000 $6,511,000,000 $6,337,000,000 3,326,000,000 3,120,000,000 2,913,000,000 119,000,000 1,696,000,000 1,262,000,000 $10,070,000,000 $11,327,000,000 $10,512,000,000 18,148,000,000 17,859,000,000 19,882,000,000 $28,218,000,000 $29,186,000,000 $30,394,000,000 $59,000,000 $62,000,000 $63,000,000 3,311,000,000 2,919,000,000 2,762,000,000 12,117,000,000 12,366,000,000 10,887,000,000 $15,487,000,000 $15,347,000,000 $13,712,000,000 $43,705,000,000 $44,533,000,000 $44,106,000,000 Common stock Additional pald-in capital Retained earnings Total equity Total debt and equity Other Relevant Data Common shares outstanding Total dividends paid 704,038,218 $609,000,000 $54.35 744,644,454 $496,000,000 $51.27 752,712,464 $465,000,000 $31.20 Market price per share 1. From 2008 through 2010, Target's market capitalization increased. Specifically, it increased from $23,484,628,877 to $38,177,921,157 between 2008 and 2009 and to $38,264,477,148 in 2010. Which of the following statements are correct? Check all that apply. During the periods 2008 to 2009 and 2009 to 2010, the number of common shares outstanding decreased by 1.07% end 5.45%, respectively. During the periods 2008 to 2009 and 2009 to 2010, the market price of Target's common shares increased by 39.15% and 5.67%, respectively. During the periods 2008 to 2009 and 2009 to 2010, the market price of Target's common shares increased by 64.33% and 6.01%, respectively. During the periods 2008 to 2009 and 2009 to 2010, the positive pressure from increasing market prices was greater, or stronger, than the offsetting, or negative, pressure from the decreased number of shares outstanding. These changes in the company's market capitalization should be construed as news and should be investigated further. One reasonable question that should be asked is: For what reason were the shares, or approximately 6.47% of 2008's outstanding shares, repurchased during the period 2008 through 2010? Was it part of earlier planned program, or were they repurchased to reduce the supply of shares available in the equity market and thereby the market price of the shares? (Note: The answer to this question can be found, in part, by reading the company's annual reports.) 2. Similarly, from 2008 through 2010, the company's book value from year to year. In general, and assuming that everything else remains constant, this behavior should have tended to the company's market-to-book (M/B) ratio. However, over time, Target's M/B ratio had increased, which suggests that the percentage increase in the market price had been than the percentage increase in the company's book value. Because the denominator of both the market price per share and the book value per share ratios is the number of shares outstanding, the trend of the M/B ratio indicates which of the following? The market placed a decreasing value on the portion of the company owned by the common shareholders. The market placed an increasing value on the portion of the company owned by the creditors and debtholders. The market placed an increasing value on the portion of the company owned by the common shareholders. 3. Target's earnings per share (EPS) ratio, which is calculated by dividing its by the number of common shares outstanding, exhibited a consistently increasing trend, growing by between 2008 and 2009 and by 50.91% between 2009 and 2010. 4. From 2008 through 2010, Target's price-to-earnings (P/E) ratio exhibited an inconsistent trend. Which of the following phenomena contributed to this pattern? Check all that apply. Between 2008 and 2009, Target's EPS increased by a greater percentage than the market price of its common shares. Between 2008 and 2009, the market price per share of Target's common stock increased by a greater percentage than that exhibited by its EPS. Between 2009 and 2010, Target's EPS increased by a greater percentage than the market price of its common shares. A Financial Ratio Analysis of Target Corporation An Assessment of Its Market Value Ratios Assume that you are an existing shareholder of Target Corporation (TGT), a retailer of "everyday essentials and fashionable, differentiated merchandise at discounted prices, "and are interested in the company's historical and current financial activities and performance. Use the following financial data for Targetto complete and conduct your financial ratio analysis. Then answer the questions that follow. Remember, the results of a ratio analysis often identify issues requiring additional investigation. 2009 2008 Target Corporation Selected Income Statement, Balance Sheet, and Related Data! Income Statement 2010 Sales $65,786,000,000 Credit card revenues 1,604,000,000 Less: Cost of goods sold 45,725,000,000 Gross profit $20,061,000,000 Less: Selling, general, and administrative expenses 13,469,000,000 Less: Other expenses 860,000,000 Less: Depreciation and amortization 2,084,000,000 Earnings before interest and taxes (EBIT) $5,252,000,000 Less: Interest expense 757,000,000 Earnings before taxes (EBT) $4,495,000,000 Less: Taxes 1,575,000,000 Net income $2,920,000,000 Less: Common dividends paid $609,000,000 Dividends per share $0.92 $63,435,000,000 $62,884,000,000 1,922,000,000 2,064,000,000 44,062,000,000 44,157,000,000 $19,373,000,000 $18,727,000,000 13,078,000,000 12,954,000,000 1,521,000,000 1,609,000,000 2,023,000,000 1,826,000,000 $4,673,000,000 $4,402,000,000 801,000,000 866,000,000 $3,872,000,000 $3,536,000,000 1,384,000,000 1,322,000,000 $2,488,000,000 $2,214,000,000 $496,000,000 $465,000,000 $0.67 $0.62 Finance In Action - Ratio Analysis Balance Sheet Data Assets: Cash and marketable securities Receivables Inventory Other current assets Total current assets 2010 2009 2008 $1,712,000,000 $2,200,000,000 $864,000,000 6,153,000,000 6,966,000,000 8,084,000,000 7,596,000,000 7,179,000,000 6,705,000,000 1,752,000,000 2,079,000,000 1,835,000,000 $17,213,000,000 $18,424,000,000 $17,488,000,000 25,493,000,000 25,280,000,000 25,756,000,000 999,000,000 829,000,000 862,000,000 $43,705,000,000 $44,533,000,000 $44,106,000,000 Net fixed assets Other long-term assets Total assets Llabilities and Equity: Accounts payable Accruals Other current liabilities Total current liabilities Long-term liabilities Total debt $6,625,000,000 $6,511,000,000 $6,337,000,000 3,326,000,000 3,120,000,000 2,913,000,000 119,000,000 1,696,000,000 1,262,000,000 $10,070,000,000 $11,327,000,000 $10,512,000,000 18,148,000,000 17,859,000,000 19,882,000,000 $28,218,000,000 $29,186,000,000 $30,394,000,000 $59,000,000 $62,000,000 $63,000,000 3,311,000,000 2,919,000,000 2,762,000,000 12,117,000,000 12,366,000,000 10,887,000,000 $15,487,000,000 $15,347,000,000 $13,712,000,000 $43,705,000,000 $44,533,000,000 $44,106,000,000 Common stock Additional pald-in capital Retained earnings Total equity Total debt and equity Other Relevant Data Common shares outstanding Total dividends paid 704,038,218 $609,000,000 $54.35 744,644,454 $496,000,000 $51.27 752,712,464 $465,000,000 $31.20 Market price per share 1. From 2008 through 2010, Target's market capitalization increased. Specifically, it increased from $23,484,628,877 to $38,177,921,157 between 2008 and 2009 and to $38,264,477,148 in 2010. Which of the following statements are correct? Check all that apply. During the periods 2008 to 2009 and 2009 to 2010, the number of common shares outstanding decreased by 1.07% end 5.45%, respectively. During the periods 2008 to 2009 and 2009 to 2010, the market price of Target's common shares increased by 39.15% and 5.67%, respectively. During the periods 2008 to 2009 and 2009 to 2010, the market price of Target's common shares increased by 64.33% and 6.01%, respectively. During the periods 2008 to 2009 and 2009 to 2010, the positive pressure from increasing market prices was greater, or stronger, than the offsetting, or negative, pressure from the decreased number of shares outstanding. These changes in the company's market capitalization should be construed as news and should be investigated further. One reasonable question that should be asked is: For what reason were the shares, or approximately 6.47% of 2008's outstanding shares, repurchased during the period 2008 through 2010? Was it part of earlier planned program, or were they repurchased to reduce the supply of shares available in the equity market and thereby the market price of the shares? (Note: The answer to this question can be found, in part, by reading the company's annual reports.) 2. Similarly, from 2008 through 2010, the company's book value from year to year. In general, and assuming that everything else remains constant, this behavior should have tended to the company's market-to-book (M/B) ratio. However, over time, Target's M/B ratio had increased, which suggests that the percentage increase in the market price had been than the percentage increase in the company's book value. Because the denominator of both the market price per share and the book value per share ratios is the number of shares outstanding, the trend of the M/B ratio indicates which of the following? The market placed a decreasing value on the portion of the company owned by the common shareholders. The market placed an increasing value on the portion of the company owned by the creditors and debtholders. The market placed an increasing value on the portion of the company owned by the common shareholders. 3. Target's earnings per share (EPS) ratio, which is calculated by dividing its by the number of common shares outstanding, exhibited a consistently increasing trend, growing by between 2008 and 2009 and by 50.91% between 2009 and 2010. 4. From 2008 through 2010, Target's price-to-earnings (P/E) ratio exhibited an inconsistent trend. Which of the following phenomena contributed to this pattern? Check all that apply. Between 2008 and 2009, Target's EPS increased by a greater percentage than the market price of its common shares. Between 2008 and 2009, the market price per share of Target's common stock increased by a greater percentage than that exhibited by its EPS. Between 2009 and 2010, Target's EPS increased by a greater percentage than the market price of its common sharesStep by Step Solution
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