Understanding real-world annual reports Required Use the Target Corporations annual report in Appendix B to answer the
Question:
Understanding real-world annual reports
Required
Use the Target Corporation’s annual report in Appendix B to answer the following questions:
(a) What was Target’s gross margin percentage for the fiscal year ended January 29, 2011 (2010) and 2009?
(b) What was Target’s return on sales percentage for 2010 and 2009?
(c) Target’s return on sales percentage for 2009 was lower than it was in 2010. Ignoring taxes, how much higher would Target’s 2009 net income have been if its return on sales percentage in 2009 had been the same as for 2010?
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a Gross margin was not given so it must be computed Sales Cost of S...View the full answer
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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