Target Co. has sales of $93,561 million, net income of $4,368 million, a total asset turnover of

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Target Co. has sales of $93,561 million, net income of $4,368 million, a total asset turnover of 1.8 and an equity multiplier of 3.55. Based on the given information, what is its return on equity?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Apr 27, 2024 06:05 AM

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Target Co. has sales of $93,561 million, net income of $4,368 million, a total asset turnover of

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Expert Answer:

To calculate the return on equity ROE for Target Co we can use the DuPont analysis formula The DuPon... View the full answer

Intermediate Accounting

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