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Target Corporation Income Statement (in millions) 2005 2004 2003 Sales 46,839 42,025 37,410 Cost of goods sold 31,445 28,389 25,498 Gross profit 15,394 13,636 11,912

Target Corporation Income Statement
(in millions) 2005 2004 2003
Sales 46,839 42,025 37,410
Cost of goods sold 31,445 28,389 25,498
Gross profit 15,394 13,636 11,912
Selling, general, and administrative expenses 10,534 9,379 8,134
Depreciation and amortization expense 1,259 1,098 967
Interest expense 570 556 584
Income before tax 3,031 2,603 2,227
Income tax expense 1,146 984 851
Income (loss) from extraordinary items 1,313 190 247
Net income 3,198 1,809 1,623
Outstanding shares 891 912 910
Calculate and show work:
Sales growth
Gross profit margin
Selling, general, and administrative expenses/Sales
Depreciation expense/Gross prior year PP&E
Interest expense/Prior-year long-term debt
Income tax expense/Pretax income

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