Utilize the 2017 financial statements, annual reports, horizontal and vertical analysis for Target to calculate the following ratio. Calculate the return on assets for the Target Corporation. Average assets are $38,999,000. Multiple Choice Single Response.

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Target Horizontal/Vertical Analysis Information Target Horizontal Analysis. Balance Sheet https://www.nasdaq.com/symbol/tet/financials?query-balance sheet Values in (0005) 213/2018 1/28/2017 $2,643,000 $0 ID 18.057.000 $1,264,000 $12,564,000 $2.512.000 30 30 $9,309,000 $1,169,000 Increasor (Decreaga Amount Percent $131.000 5.0% So 0.0% SO 0.0% $348,000 4.0% $95.000 7.5% $11.990,000 $574,000 4.6% 10 0.0% $360,000 $25,018,000 to $24,558,000 30 30T $783.000 1.4% 0.0% 0.0% 44.7% 0.0% $1,417,000 1 $634,000 so $1,568,000 $38,999,000 $37,431,000 4.0% Period Ending: Current Assets Cash and Cash Short-Term Net Receivables Inventory Other Current Assets Total Current Assets Long-Term Assets Long-Term Investments Fixed Assets Goodwill Intangible Assets Other Assets Deferred Asset Charges Total Assets Current Liabilities Accounts Payable ShortTe Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Liabilities Deferred Liability Charles Misc. Stocks Minority Interest Total Liabilities Stock Holders Equity Common Stocks Capital Surplus Retained Earnings Treasury Stock Other Equity Total Equity Total Liabilities & Equity $12,93 1,000 1270.000 $10.999,000 1.718.000 $1.942,000 1$ 2,448,000) $0 15.09 596.3% 0.0% $13,201,000 $11,317,000 $2,059,000 $12,707.000 $11,031,000 $1,879,000 1881,000 $494,000 $286,000 $180.000 ($ 148,000) SO 3.7% 2.5% 8.7% $713,000 D -20.8% 0.0% 0.0% 3.0% $0 $27,290,000 $26,478,000 $812,000 $5,858,000 16553000 $45,000 $5,661,000 $5,884,000 ($1,000) $197,000 $669,000 0 3.4% 10.2% 0.0% 24.69 E. 4747.000 $11.709.000 $38.999,000 638,000) $10.963.000 $37,431,000 $ 109,000) $756.000 $1,568,000 4.0% Target Vertical Analysis - Balance Sheet https://www.rad.com/symbol/lg/financials?query balance sheet 2/3/2018 128.2017 Values in (000s) Period Ending Current Assets Cash and Cash Equivalents Short-Term Investments Not Receivables 52,512.000 6.75 $2.843,000 300 0.8% .0% 222 Invertory Other Grant Assets $8,657,000 $1.261.000 22 29. 322 18,309,000 $1,150,000 $11,990,000 Total Current Assets $12.564000 32.2% 32.0% 0.0% $25 01 8 000 Long-Term Assets Long-Term investments Fixed Assets Goodwill Intangible Assets Other Assets Deferred Asset Charge 30 $24.658.000 30 00% 00% 36% 102 0.0% 65.9% 0.0% 0.0% 2.1% $ 753 000 $1417,000 30 Total Abbate $38.999.000 100.0% $37,431,000 100.0% Current Liabilities Accounts Payable Short-Term Debt Current Other Current Liabilties Total Current Liabilitiee $12,90 1,000 $270000 32% 0% 110,909,000 11,718,000 29.1% 4.6% $13,201,000 33.89 112,707,000 33.9% Long-Term Dobx Other Liabliliey Deferred Liability Charges Misc, Stock Minority Interact $112700 $2,059,000 1713 000 O 20% 5.3% 1.8% 0 0% 111,331,000 1,079,000 $981,000 100 29 % 5.0% 2.3% 100% $26,478,000 70.7% Total Liabilities $27 290 000 70.0% Stock Holders Equity Common Stocks Capital Surplus Retained Earnings Treasury Stock Other Equity Total Equity 0.1% 1509 18.8% 148.000 15.661.000 $5,884.000 0.1% 15.15 15.7% $45 000 $5,058,000 $8,553,000 DO (5747000) $11.709.000 30 .19% 30.08 100.05: ($638 000) $10.263.000 $37,431,000 1.7% 29.3% Total Liabilities & Equity $38.999.000 100.0% Target Horizontal Analysis - Income Statement https://www.nasdaq.com/symbol/tat/financials?query=income statement Values in (000s) Period Ending: 2/3/2018 1/28/2017 Current Assets Total Revenue $71.879.000 $69.495.000 Cost of Reverne $51.125.ccal $49.145.000 Gross Pront $20,754,000 $20,350,000 Increase Oncrease Armount Percent $2,284,000 2013 ,3% $1,980,000 3.9% $404,000 1.9% Operating Expenses Research and Development Sales, General and Admin So 0.00% $0 $0 $14.248.CCO $13.350,000 $892.000 S2,134,000 $4.312.000 $0 54 312 000 Non-Recurring Items Other Operating Items Operating Income Add incorrerexpense tems Earnings Before Interest and Tax Interest Expense Earnings Before Tax Income Tax Minority interest Equity Earningslose Unconsolidated Subsidiary Net Income-Cont. Operations Net Income Net Income Applicable to Common Shareholders $2,025,000 $4.969.000 $0 54 969 000 51.004.DDD 83,965,000 51296.000 $0 $169,000 $657.0CC $0 $657,000 $888.0CC -$319,000 -$578,0CC $666.000 $3,646,000 $718 000 $0 6.3% 0.0% 7.7% -15,2% 0.0% 15.2% -50.8% -3.7% -80.5% 0.0% 0.0% 3.8% $0 $0 so $2.928,000 $2,934,000 $2,934,000 $2.669,000 $2,737,000 $2,737.000 $259,000 $197,000 $197,000 6.7% Target Vertical Analysis - Income Statement https://www.nasdaq.com/symbol/tet/financials?query=income-statement Values in (000s) Period Ending Ending 29/2018 282017 Current Assets Total Revenue Castor Revenue S71.879.000 $51.125.000 $20.754 000 100.00% 71.13% 20.07 $59.495.000 349.145.000 $20 350,000 100.00% 20.72% 29.28% Gross Profit Operating Expenses Resoarch and Development I S O Sales, General and Admin S14 248,000 Non-Recurring liems 50 Other Operating items $2.194,000 Operating income $4,312,000 Add incomalamarsa ham 50 Eanings Before Interest and Tax 94.312.000 Interes: pense S565.000 Earnings Before Tex $3.646.000 Income Tax 9718000 Minority interest 50 Equily Eamings Loss Unconsolidated Subsidiary SO Net Ingoma-cant, Operations $2.920.000 Nat Income | $2.934.000 Net Income Applicable to Common Shareholders $2.934,000 0,00% 19.82% 0.00% 3,05% 6.00% 0.00% 6.00% 0.93% 5,07% 1.00% 0.00% 0.00% 4.07% 4.03% 4.00% 0 $13,356,000 SO $2025,000 $4.969.000 0 $4,969.000 $1,004,000 $3.965,000 $1.296,000 0.00% 19.22% 0.00% 2.91% 7.15% 0.00% 7.15% 1.449 5.71% 1.85% 0.00% 0.00% 3.84% 3.94% 3.24% 52.669.000 $12.737.000 52.737.000