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This is the financial data needed to solve the problems. Target Corporation Selected Income Statement, Balance Sheet, and Related Data1 Income Statement Sales Less: Cost

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This is the financial data needed to solve the problems.

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Target Corporation Selected Income Statement, Balance Sheet, and Related Data1 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 435,000,000 $62,884,000,000 44,157,000,000 18,727,000,000 12,954,000,000 1,609,000,000 4,402,000,000 866,000,000 3,872,000,000 3,536,000,000 1,322,000,000 $2,920,000,000 $2488,000,000 2,214,000,000 465,000,000 $0.62 $65,786,000,000 $63, 45,725,000,000 20,061,000,000 13,469,000,000 860,000,000 5,252,000,000 757,000,000 4,495,000,000 1,575,000,000 44,062,000,000 19,373,000,000 13,078,000,000 1,521,000,000 4,673,000,000 801,000,000 1,384,000,000 609,000,000 $0.92 496,000,000 $0.67 Target Corporation Selected Income Statement, Balance Sheet, and Related Data1 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 435,000,000 $62,884,000,000 44,157,000,000 18,727,000,000 12,954,000,000 1,609,000,000 4,402,000,000 866,000,000 3,872,000,000 3,536,000,000 1,322,000,000 $2,920,000,000 $2488,000,000 2,214,000,000 465,000,000 $0.62 $65,786,000,000 $63, 45,725,000,000 20,061,000,000 13,469,000,000 860,000,000 5,252,000,000 757,000,000 4,495,000,000 1,575,000,000 44,062,000,000 19,373,000,000 13,078,000,000 1,521,000,000 4,673,000,000 801,000,000 1,384,000,000 609,000,000 $0.92 496,000,000 $0.67

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