Question 4 Answer saved Marked out of 1.00 Flag question Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended January 28, 2012 (Round your answers to one decimal place.) Fiscal year ended ($ millions) January 28, 2012 Sales $77,466 Net credit card revenues 1,399 Total revenues 78,865 Cost of sales 47,860 Selling, general and administrative expenses 14,106 Credit card expenses 446 Depreciation and amortization 2,131 Earnings before interest expense and income taxes 14,322 Net interest expense 866 Earnings before income taxes 13,456 Provision for income taxes 1,527 Net earnings $11,929 TARGET CORPORATION Common-Size Income Statement Year Ended January 28, 2012 Sales 0 % Net credit card revenues 0% Total revenues 0 % Cost of sales 0 % Selling, general and administrative expenses 0% Credit card expenses 0% Depreciation and amortization 0 % Earnings before interest expense and income taxes 0 % Net interest expense 0 % Earnings before income taxes 0 % Provision for income taxes 0 % Net earnings 0% Launchpad Answers