Understanding real-world annual reports Required Use the Target Corporations annual report in Appendix B to answer the

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Understanding real-world annual reports

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Use the Target Corporation’s annual report in Appendix B to answer the following questions:

a. What was Target’s debt to assets ratio for its fiscal-year ended January 29, 2011 (2010) and 2009?

b. What was Target’s return on assets ratio for 2010 and 2009?

c. What was Target’s return on equity ratio for 2010 and 2009?

d. Why was Target’s return on equity ratio higher than its return on assets ratio for 2010 and 2009?

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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Question Posted: Oct 12, 2013 03:57 PM

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Understanding real-world annual reports Required Use the Target Corporations annual report in Appendix B to answer the

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All dollar amounts are in millions a Debt to assets 2010 28218 43705 646 2009 29186 445...View the full answer

Fundamental financial accounting concepts

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