Target Corporation is a general merchandise discount retailer. Target has 1,304 stores located in 47 states. The

Question:

Target is a general merchandise discount retailer. Target has 1,304 stores located in 47 states. The following operating data (in millions) were taken from 10K filings with the Securities and Exchange Commission:

Target Corporation is a general merchandise discount retailer. T

1. Compute gross profit as a percent of net sales for each year. Round to one decimal place.
2. Compute operating income as a percent of net sales for each year. Round to one decimal place.
3. Based upon (1) and (2), comment on Target€™s operatingperformance.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...