Target in 2020 reported net income of $3,281 million, net sales of $77,130 million, and average total

Question:

Target in 2020 reported net income of $3,281 million, net sales of $77,130 million, and average total assets of $42,035 million. What is Target’s asset turnover? What is Target’s return on assets?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

See More Books

Question Posted: Jul 03, 2023 07:09 AM

See More Questions

On January 1, Year 3, the Most Company purchased 80% of the outstanding voting shares of the Least Company for $1.6 million in cash. On that date, Leasts balance sheet and the fair values of its...
Target Corporation in 2010 reported net income of $2.5 billion, net sales of $63.4 billion, and average total assets of $44.3 billion. What is Targets asset turnover ratio? What is Targets rate of...
In 2015, Shaw Communications Inc. reported net sales of $5,488 million, net income of $880 million, and average total assets of $13,907 million. In 2014, its net sales were $5,421 million, net income...
The cost of a can of Coca Cola in 1960 was $0.10. The exponential function that models the cost of a Coca Cola by year is given below, where t is the number of years since 1960. C(t) = 0.10e0.0576t...
A partial list of transactions from We Do Windows Company during 2010 follows: a. In January, Keith and Rachel each donated $22,500 in exchange for common stock to start the business. b. On February...
You are a junior sales associate working for Chicago BMW Motorcycle. Because of the economic crisis, sales of motorcycles have taken a huge hit across the board. When money is tight, people tend to...
Texas Inpatient Consultants, LLLP, is a partnership that employs physicians to deliver medical care to hospitalized patients of other physicians. Texas Inpatient recruited Julius Tabe, M.D., to work...
The following transactions were completed by The Irvine Company during the current fiscal year ended December 31: Feb. 8. Received 40% of the $18,000 balance owed by DeCoy Co., a bankrupt business,...
Oxygen gas having a volume of 1250 cm 3 at 43.1 C and 1.04 x 10 5 Pa expands until its volume is 1900 cm 3 and its press is 1.08 x 10 5 Pa. Find: (a) the number of moles of oxygen present and (b) the...
ZIM Inc. (ZIM) is a high-technology company that develops, designs, and manufactures telecommunications equipment. ZIM was founded in Year 5 by Dr. Alex Zimmer, the former assistant head of research...
The management of Petro Garcia Inc. was discussing whether certain equipment should be written off as a charge to current operations because of obsolescence. This equipment has a cost of $900,000...
After securing lease commitments from several major stores, Auer Shopping Center, Inc. was organized and built a shopping center in a growing suburb. The shopping center would have opened on schedule...
During the year ended December 31, 2014, Mead Investment Corporation, a public company, had the following transactions in trading investments: Feb. 1 Purchased 2,400 Lemelin common shares for...
Antigone Inc. paid out a dividend of $1.75, and analysts expect it to grow at 6% for the foreseeable future. The market rate is 17%, the T-Bill rate is quoted at 4%, and Antigone stock is selling at...
1. The market price of a stock is $24.06 and it just paid a dividend of $1.44. The required rate of return is 11.53%. What is the expected growth rate of the dividend? Percentage round to 2 decimal...
What are the prominent sociological theories and paradigms that have significantly influenced the advancement of sociology, and in what manner have these theories undergone evolution throughout...
a. a $46,000 note due in six months. b. a $106,000 note due in six years. c. a $78,000 note due in three annual installments of $26,000 each, with the next installment due August 31, 2025. 5. The...
(5 points) If f(x) If f(x) = = I (81 - t)e dt, find the (81 largest interval on which f is increasing. Answer (in interval notation):
The average number of miles driven on a full tank of gas in a Hyundai Veracruz before its low- fuel light comes on is 320. Assume this mileage follows the normal distribution with a standard...
Use the formula to determine the value of the indicated variable for the values given. Use a calculator when one is needed. When necessary, use the key on your calculator and round answers to the...
Darrell Corporation reports under IFRS and at December 31, 2012, the company had a net future tax liability of $375,000. An explanation of the items that make up this balance follows: Instructions...
Hang Technologies Inc. held a portfolio of shares and bonds that it accounted for using the fair value through other comprehensive income model at December 31, 2011. This was the first year that Hang...
Geoff Corp.'s operations in 2011 had mixed results. One division, Vincent Group, again failed to earn income at a rate that was high enough to justify its continued operation, and management...
Please analyze of the interrelationship between organizational culture and technology use. How organizational culture affects technology use in a specific organization. How does technology use...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 27,000 units Direct materials: 100% complete Conversion:...
How do leaders effectively employ charismatic influence and visionary inspiration to foster organizational change and innovation within a dynamic business environment?

Target in 2020 reported net income of $3,281 million, net sales of $77,130 million, and average total

Question:

Step by Step Answer:

Asset turn...View the full answer

Intermediate Accounting

Students also viewed these Business questions