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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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