Target in 2017 reported net income of $2,934 billion, net sales of $71,879 billion, and average total

Question:

Target in 2017 reported net income of $2,934 billion, net sales of $71,879 billion, and average total assets of $38,215 billion. What is Target’s asset turnover? What is Target’s return on assets?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1119503668

17th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel

See More Books

Question Posted: Nov 26, 2019 04:58 AM

See More Questions

You are a financial analyst currently reviewing the financial statements of Danner International and Brady Enterprises, two companies of similar size within the same industry. Net incomes of $39,300...
Target in 2012 reported net income of $2.9 billion, net sales of $69.8 billion, and average total assets of $45.2 billion. What is Targets asset turnover? What is Targets return on assets?
Telfer, Inc. reported net income of $2.8 million in 2017. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000. Compute net cash...
Consumers commonly focus on the price when buying auto insurance. They feel less pain from buying auto insurance when they pay as little as possible However, this strategy can backfire because the...
You will need to understand solved problem S4 before answering this question. In an island population, the following data were obtained for the numbers of people with each of the four blood types:...
On May 9, 2022, Glenna purchases 500 shares of Ignaz Company stock for $7,500. On June 30, 2022, she writes a call option on the stock, giving the grantee the right to buy the stock for $9,000 during...
On February 16, 2005, Joseph and Margaret Buset borrowed $192,000 from Fremont Investment & Loan (the Originator). The loan was secured by a mortgage on a residential condominium. The mortgage named...
Exeter Corporation has recently begun a continuous improvement campaign. As a consequence, there have been many changes in operating procedures. Progress has been slow, particularly in trying to...
1/ You have two different assets (investments). Asset A (perpetuity) will pay you $1,000 in one year, $1,000 in two years, $1,000 in three years, and so on every year forever. Asset B will pay you...
The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of Under Armour, Inc. are presented in Appendix C. Instructions a. Based on the information...
On January 1, 2020, Lombard Co. sells property for which it had paid $690,000 to Sargent Company, receiving in return Sargents zero-interest-bearing note for $1,000,000 payable in 5 years. What entry...
Fernandez Corporation purchased a truck at the beginning of 2020 for $50,000. The truck is estimated to have a salvage value of $2,000 and a useful life of 160,000 miles. It was driven 23,000 miles...
Given an acceleration vector, initial velocity (u 0 , v 0 ), and initial position (x 0 , y 0 ), find the velocity and position vectors, for t 0. a(t) = (e, 1), (uo. Vo) = (1,0), (xo, Yo) = (0,0)
What are some ways to manage a stakeholder relationship closely? Give examples of how you might manage relationships differently based on the unique personalities of different people.
Download the template files used in this text from the companion website or from www.kathyschwalbe.com. Review several of the files, and look at examples of how they are used in this text. Also...
Discuss some of the examples of poor quality in IT projects presented in the "What Went Wrong?" section. Could most of these problems have been avoided? Why do you think there are so many examples of...
Review two different articles about critical chain scheduling. Write a short paper describing how this technique can help improve project schedule management.
Read an article or watch a video about a recipient of PMI's Project of the Year award. Search online for information from PMI's website. Write a one-page paper summarizing a winning project, focusing...
For Maahir, shampoo and conditioner are perfect complements. He likes to use 1 squirt of shampoo and 1 squirt of conditioner each time he washes his hair. a. Draw a set of indifference curves for...
Time Solutions, Inc. is an employment services firm that places both temporary and permanent workers with a variety of clients. Temporary placements account for 70% of Time Solutions' revenue;...
Nonmonetary Exchanges During the current year, Marshall Construction trades an old crane that has a book value of $90,000 (original cost $140,000 less accumulated depreciation $50,000) for a new...
Acquisition, Improvements, and Sale of Realty Tonkawa Company purchased land for use as its corporate headquarters. A small factory that was on the land when it was purchased was torn down before...
Acquisition, Improvements, and Sale of Realty Tonkawa Company purchased land for use as its corporate headquarters. A small factory that was on the land when it was purchased was torn down before...
Sales Asha Inc. and Samir Inc. have the following operating data: Samir Inc. $1,131,000 Asha Inc. $369,100 Variable costs (148,100) (678,600) Contribution margin $221,000 $452,400 Fixed costs...
A 1.50 m segment of wire supplying current to the motor of a submerged submarine carries 1500 A and feels a 3.50 N repulsive force from a parallel wire 3.50 cm away. What is the direction and...
Two stars are orbiting each other in a binary system. If one star has a mass of 4.0 10 30 kg, the other star has a mass of 2.0 10 30 kg, and if they are 1.7 10 14 m apart, what is the force of...

Target in 2017 reported net income of $2,934 billion, net sales of $71,879 billion, and average total

Question:

Step by Step Answer:

Asset turn...View the full answer

Intermediate Accounting

Students also viewed these Business questions