Selected account information (in $ millions) from Target Corporation's 2011 annual report follows. While the company has

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Selected account information (in $ millions) from Target Corporation's 2011 annual report follows. While the company has authorized the issuance of 5 million shares of preferred stock, none have been issued.


Selected account information (in $ millions) from Target Corporation's 2011


Required
a. Calculate Target Corporation's return on assets for 2011.
b. Calculate Target Corporation's return on common stockholders' equity for 2011.
c. Is Target Corporation's financial leverage positive or negative? How do youknow?

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Managerial Accounting

ISBN: 978-1118338445

2nd edition

Authors: Charles E. Davis, Elizabeth Davis

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