Following is the income statement for Target Corporation. ($ millions) Fiscal year ended January 28, 2012 Sales
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Question:
Following is the income statement for Target Corporation.
($ millions) | Fiscal year ended January 28, 2012 |
---|---|
Sales | $70,466 |
Net credit card revenues | 1,399 |
Total revenues | 71,865 |
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 | 7,322 |
Net interest expense | 866 |
Earnings before income taxes | 6,456 |
Provision for income taxes | 1,527 |
Net earnings | $4,929 |
Prepare Target's common-size income statement for the fiscal year ended January 28, 2012.
Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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