Target Corporation operates general merchandise and food discount stores in the United States. The company reported the following information for the three years ending February 2, 2013:

Requirements
1. Compute net profit margin ratio for Target for the years ended February 2, 2013, and January 28, 2012.
2. Compute asset turnover for Target for the years ended February 2, 2013, and January 28, 2012.
3. Compute return on assets for Target for the years ended February 2, 2013, and January 28, 2012.
4. What factors contributed to the change in return on assets during theyear?

Transcribed Image Text:

A1 Target Corporation 1 Consolidated Statements of Operations (Adapted) For the year ended Jan. 28, 2012 Feb. 2, 2013 Jan. 29, 2011 67,390 45,725 16413 5,252 In millions of USD $73,301 50,568 17 362 5,371 4 Total net revenue 69,865 Cost of sales Selling, general and administrative expenses Net income from operations Other revenue (expense] 47,860 16,683 5,322 Net Income before income taxes 4,456 16101,5271 1575) 2.929 9 4,609 4,495 Income tax expense 1 Net income 2,999 A1 Target Corporation Partial Balance Sheet (Condensed) Feb. 2, 2013 Jan. 28, 2012 Jan. 29, 2011 In millions of USD Total current assets Property, plant and equipment, net Other assets 16,388 $16,449 17213 29,149 1032 30,653 1,122 25,493 6 Totalassets