Selected account information (in $ millions) from Target Corporation’s 2018 annual report follows. While the company has authorized the issuance of 5 million shares of preferred stock, none have been issued.

Required

a. Calculate Target Corporation’s return on assets for 2017. (Round to 1 decimal place)

b. Calculate Target Corporation’s return on common stockholders’ equity for 2017.

c. Is Target Corporation’s financial leverage positive or negative? How do you know?

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2018 2017 Income from continuing operations Total assets $ 2,930 $41,290 $ 2,908 $40,303 Total common stockholders' equity $11,297 $11,651