s

ATC 3-1 Business Application Case Understanding real-world annual reports Target Corporation Obtain the Target Corporation's annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in @ Appendix A, and use it to answer the following questions: Required a. What percentage of Targets Total Revenues end up as net earnings? b. What percentage of Target's Sales go to pay for the costs of the goods being sold? Page 128 c. What costs does Target include in its Cost of Sales account? d. When does Target recognize revenue from the sale of gift cards? ATC 3-1 Business Application Case Understanding real-world annual reports Target Corporation Obtain the Target Corporation's annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in @ Appendix A, and use it to answer the following questions: Required a. What percentage of Targets Total Revenues end up as net earnings? b. What percentage of Target's Sales go to pay for the costs of the goods being sold? Page 128 c. What costs does Target include in its Cost of Sales account? d. When does Target recognize revenue from the sale of gift cards