• Prepare ratio analyses (for 2022, 2021, and 2020) .
• You should include the following ratios in your computations:
• Profitability ratios
  • Gross Profit margin
  • Profit margin
  • Return on assets
  • Return on equity
• Productivity
  • Inventory Turnover
  • Accounts Receivable Turnover
  • PPE Turnover
  • Asset Turnover
• Solvency
  • Debt-to-equity
  • Times interest earned
  • Return on Financial leverage
• Liquidity
  • Current Ratio
  • Quick Ratio
  • Operating cash flow to current liabilities
  • Working capital

Note: Assume the Tax rate to be 35% when calculating Earnings without interest expense (EWI).

Target Corporation - Common Size Income Statement for Year 2020-2022 Target Corporation - Common Size Balance Sheet for Year 2020-2022