The answers that have been marked wrong for me have been:
29.5, 23.3, 29.2 and 29.3 for gross profit ratio
6.16, 6.50, and 6.30 for inventory turnover ratio
Required information 3. Calculate the gross profit ratio and the inventory turnover ratio for the fiscal year ended February 3, 2018. Compare Target's ratios with the industry averages of 24.5% and 71 times. Determine whether Target's ratios indicate the company is more/less profitable and sells its inventory more/less frequently compared to the industry average. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1. Required 3 Calculate the gross profit ratio and the inventory turnover ratio for the fiscal year ended February 3, 2018. Compare Target's ratios with the industry averages of 24.5% and 7.1 times. Determine whether Target's ratios indicate the company is more/less profitable and sells its inventory more/less frequently compared to the industry average. (Round "Gross profit ratio to 1 decimal place and "Inventory turnover ratio" to 2 decimal places.) Show less 29.5 times Gross profit ratio Inventory turnover ratio Gross profit ratio indicates that the company is Inventory turnover ratio indicates that the company sells its inventory 6.16 more profitable less frequently Prev 1 of 1 Next Torge 2017 Report Financial Summary 2016 2015 2013 FINANCIAL RESULTS:in milion S 80405 $ 73785 $7427 S 7179 51325 20,754 14248 $72.00 54506 2012 21000 2050 DES 13:35 SEN 24 2005 1901 020 301 4900 1004 4312 666 3.646 758 2928 5330 BOT 493 1040 4121 1497 2.004 31653 1204 24 HOS 1200 2.000 08 3.321 6 2934 $ $ 571 $ 3.383 $ S $ $ $ $ 5.29 30 5:35 0.01 598 012 5.4 $ $ $ 350 5.35 $ $ $ 525 $ $ 420 $ 8:38 Cost of sales Gross margin Solinggoneral and administrative expenses SGBA Depreciation and amortization focusive of decretion included on cost of sales Gain on sale Earnings from continuing operations before expense and income taxes EBIT Net interest expense Earnings from continuing operations before income Provision for Income Net eamings from continuing operations Discontinued operations, net of tax Net eaming/ PER SHARE: Basic earnings / fos per share Continuing operations Discontinued operation Net Gaming / per share Diluted earnings / per share Continuing operations Discontinued operations Net Gaming /folders Cash dividends declared FINANCIAL POSITION in millions Total assets Captal expenditures Long-term det indluding current portion Net det Shareholders Investment SEGMENT FINANCIAL RATIOS: Compress growth Gross margin of SGLAN of sales EBIT margins of OTHER: Common shares outstanding in miliona Operating cash flow provided by contring operations in ons Sales per square foot Retal foot in thousands Square footage growth Total number of Total number of distribution centers 532 0.01 5.33 246 458 012 470 2.36 3.07 $ S $ $ $ 5:31 2:20 $ $ $ 190 186 $ $38.900 $ 2,533 $ TURT $ 10.456 $ 11700 $ $ $ 37431 547 $ $ $ $ $ $ $ $ $ 435 $ 1880 $ 180 12.725 11205 $ 12.700 2752 12.57 116000 $ $ $ $ 1731 27 05 203 13 28.9% 18.8 6.ON 13 2013 2005 6.54 202 6.9% 5402 5582 $ 5.320 $ 230.5 $ 6,849 $ 295 239,355 10:11% $ 5.254 $ 307 239539 $ $ 6329 $ 7572 $ 240054 00 1790 1802 790 38 40 outdoors 2020 2003 2012 2011 2015 2014 and centre Target 20 Annual Report 2017 2018 2015 Financial Summary 2018 2014 FINANCIAL RESULTS in mind $71,786 $ 0.414 $ 72,616 74430 323 75.3% $ 73,717 TTT 74.44 Other rever 70211 12,714 61,125 15.140 72018 51,506 15,723 14,217 2005 1.300 1801 4335 991 007 4.923 30 3.570 700 2.000 2.800 3.961 1,285 2.000 ca 2734 6 $ $ $ 2.807 Cost of Soling and dinistrative SGRA Depreciation and amorcon Induse of deron nouded in cost of Operating room News Netomer room excerse Eros from continuing operations before inom Provision for income Net earnings from continuing operations Discontinued operations, net of tax Net earnings/Bosal PER SHARE Basic earnings / Bosal per share Continuing ortions Discord corcons Netcomings/or share Diluted earnings/Bons per share Corting operations Discontinued operations Nerings/los por sure Cash is cred FINANCIAL POSITION in milions 3360 S 529 5.54 0.01 530 0.01 5.30 451 012 DO . $ . $ 4. 1 5.50 0.01 0.01 0.12 0.07 551 $ 5 $ $ 29 2.20 $ 41.290 $ 3510 $ 3.74 $ 5 12.501 $40.262 $ $12.700 $ 1.750 Crepidur Lorgondo, including our portion Ne 3 1130 5 10:20 $10.500 $10.015 $ 12.957 $ 13,907 3.0 1.3 13 28. 20:33 292 2.15 29.15 207 20.9 FINANCIAL RATIOS Comowe growth Croes margin of sa SOMA revel Derting commagin' of love OTHER Cormors sarding in Opening how provided by corrugerton 5.5 60 2 541.7 5662 5176 5,970 314 . $ $ 5 310 230.500 23 refoot in and sore gegrown 230.502 - IN . Burbero darbution centers 10 D
