Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Thank you so much for your help!! 2. A liquidity assessment of Target Corporation Inc. Aa Aa A Financial Ratio Analysis of Target Corporation A
Thank you so much for your help!!
2. A liquidity assessment of Target Corporation Inc. Aa Aa A Financial Ratio Analysis of Target Corporation A Liquidity Assessment Assume that you are a prospective lending bank of Target Corporation (TGT), a retailer of "everyday essentials and fashionable, differentiated merchandise at discounted prices," and are interested in the company's historical and current financial activities and performance. Use the following financial data for Target to complete and conduct your financial ratio analysis. Then answer the questions that follow. Remember, the results of a ratio analysis often identify issues requiring additional investigation. Target Corporation Selected Income Statement, Balance Sheet, and Related Data Income Statement Sales Less: Cost of goods sold Gross profit Less: Selling, general, and administrative expenses Less: Other expenses Earnings before interest and taxes (EBIT) Less: Interest expense Earnings before taxes (EBT) Less: Taxes Net income Less: Common dividends paid Dividends per share 2010 2009 2008 $65,786,000,000 $63,435,000,000 $62,884,000,000 45,725,000,000 44,062,000,000 44,157,000,000 20,061,000,000 19,373,000,000 18,727,000,000 3,469,000,00013,078,000,000 12,954,000,000 1,609,000,000 ,252,000,000 4,673,000,000 4,402,000,000 866,000,000 4,495,000,000 3,872,000,0003,536,000,000 575,000,0001384,000,0001322,000,000 $2,920,000,000$2,488,000,000 $2,214,000,000 465,000,000 $0.62 860,000,000 1,521,000,000 757,000,000 801,000,000 609,000,000 496,000,000 $0.67 $0.92 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started