A financial statement analysis professor asks you to compare the financial statements of Kohl's Inc. with Target, Inc. You compute gross profit rate for each company and determine the following: Kohl's -- 32.0% Target -- 35.0% Based on the above facts -- which of the following is TRUE? For every dollar of sales, Target has a cost of goods sold of $.35. For every dollar of sales, Target has operating expenses of $.35 For every dollar of sales, the cost of merchandise sold by Kohl's's is $.68 For every dollar of sales, Target has a net income of $.35 For every dollar of sales,Kohls's has operating expenses of $.68