Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year
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Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended February 3, 2018.
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Fiscal year ended February 3, 2018 ($ millions) Sales.... $71,879 Cost of sales... Selling, general and administrative expenses Depreciation and amortization.. 51,125 14,248 2,194 Earnings from continuing operations before interest expense and income taxes . Net interest expense.... 4,312 666 Earnings from continuing operations before income taxes. Provision for income taxes... Net earnings from continuing aperations Discontinued operations, net of tax 3,646 718 ... 2,928 Net earnings... $ 2,934
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TARGET CORPORATION Commonsize Income Statement Year ended Sales revenue Cost of sales Selling g...View the full answer
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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