Required Use the Target Corporations annual report in Appendix B to answer the following questions: (1) What

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

(1) What was Target’s gross margin percentage for the fiscal year ended February 1, 2014 (2013) and 2012?

(2) What was Target’s return on sales percentage for 2013 and 2012?

(3) Target’s return on sales percentage for 2013 was lower than it was in 2012. Ignoring taxes, how much higher would Target’s 2013 net income have been if its return on sales percentage in 2013 had been the same as for 2012?

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Fundamental Financial Accounting Concepts

ISBN: 978-0078025907

9th edition

Authors: Thomas Edmonds, Christopher Edmonds

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Question Posted: Apr 20, 2015 07:16 AM

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Required Use the Target Corporations annual report in Appendix B to answer the following questions: (1) What

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1 Gross margin was not given so it must be computed Sales Cost o...View the full answer

Fundamental Financial Accounting Concepts

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