Obtain the Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in Appendix A, and use it to answer the following questions:

Required

a. What percentage of Target’s Total Revenues end up as net earnings?

b. What percentage of Target’s Sales go to pay for the costs of the goods being sold?

c. What costs does Target include in its Cost of Sales account?

d. When does Target recognize revenue from the sale of gift cards?