Question: Edit to prepare Target's common-size income statement for the year ended February 1, 2020. Target Corporation Income Statement For the Fiscal year ending February 1,

Edit to prepare Target's common-size income statement for the year ended February 1, 2020.

Edit to prepare Target's common-size income
Target Corporation Income Statement For the Fiscal year ending February 1, 2020 ($ millions) Sales Cost of sales Gross profit Selling, general, and administrative expenses OMAN ADAOaARWN PR Be RO Operating income Net interest expense Net other (income)/expense Bee ee ab WN Provision for income taxes Net earnings from continuing operations Discontinued operations, net of tax Net earnings Bee ow oa 19 20 21 22 | Target Corporation 23 Balance Sheet 24 25 26 27 Assets: 28 |Cash and cash equivalents 29 ||Inventory ($ millions) 30 |Other current assets 31 Total current assets 32 | Property and equipment, net 33 | Operating lease assets 34 |Other noncurrent assets 35 Total assets 36 37 Liabilities and Shareholders' Investment: 38 |Accounts payable 39 |Accrued and other current liabilities 40 |Current portion of long-term debt and other borrowings 41 Total current liabilities 42 |Long-term debt and other borrowings 43 |Noncurrent operating lease liabilities 44 | Deferred income taxes 45 |Other noncurrent liabilities 46 | Total liabilities 47 Total shareholders' investment 48 Total liabilities and shareholders' investment aq Depreciation and amortization (exclusive of depreciation included in cost of sales) Earnings from continuing operations before income taxes February 1, February 2, 2020 2019 $ 2,577 $ 1,556 8,992 9,497 1,333 1,466 $ 12,902 $ 12,519 26,283 25,533 2,236 1,965 1,358 1,273 $42,779 $ 41,290_ $ 9,920 $ 9,761 4,406 4,201 161 1,052 $ 14,487 $ 15,014 11,338 10,223 2,275 2,004 1,122 972 1,724 1,780 Fao a Pa "$30,946" $ 29,993 \"$11,833 $11,297 $42,779 $41,290. or 78,112 54,864 16,233 2,357 4,658 477 (9) 4,190 921 12 23,248 3,269 3,281

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