Week 3 -Graded Homework.

Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended January 28, 2012. (Round your answers to one decimal place.)

Sales	$75,466
Net credit card revenues	1,399
Total revenues	76,865
Cost of sales	47,860
Selling, general and administrative expenses	14,106
Credit card expenses	446
Depreciation and amortization	2,131
Earnings before interest expense and income taxes	12,322
Net interest expense	866
Earnings before income taxes	11,456
Provision for income taxes	1,527
Net earnings	$9,929

Sales	Answer 0.00 points out of 1.00%
Net credit card revenues	Answer 0.00 points out of 1.00%
Total revenues	Answer 0.00 points out of 1.00%
Cost of sales	Answer 0.00 points out of 1.00%
Selling, general and administrative expenses	Answer 0.00 points out of 1.00%
Credit card expenses	Answer 0.00 points out of 1.00%
Depreciation and amortization	Answer 0.00 points out of 1.00%
Earnings before interest expense and income taxes	Answer 0.00 points out of 1.00%
Net interest expense	Answer 0.00 points out of 1.00%
Earnings before income taxes	Answer 0.00 points out of 1.00%
Provision for income taxes	Answer 0.00 points out of 1.00%
Net earnings	Answer 0.00 points out of 1.00%

Week 3 -Graded