Target in 2012 reported net income of $2.9 billion, net sales of $69.8 billion, and average total

Question:

Target in 2012 reported net income of $2.9 billion, net sales of $69.8 billion, and average total assets of $45.2 billion. What is Target’s asset turnover? What is Target’s return on assets?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

See More Books

Question Posted: Jun 03, 2013 02:33 AM

See More Questions

In 2012, Chevron reported net income of $26.3 billion, $6.9 billion of which was income recognized on investments in affiliate companies accounted for under the equity method. In that same year,...
In 2010, the Moosonee Beer Company reported net income of $46,340, paid $20,000 in dividends, and incurred depreciation expense of $10,000, $4,200, and $2,000 on its buildings, furniture, and...
In 2012, Hollis Corporation reported net income of $1,000,000. It declared and paid preferred stock dividends of $250,000. During 2012, Hollis had a weighted average of 190,000 common shares...
An article in Sociological Methods & Research (May 2001) analyzed the data presented in the accompanying table. A sample of 262 Kansas pig farmers was classified according to their education level...
Determine the rms value of the waveform in Fig. 11.55. v(t) 5 1 2 34 -5
Write a java program that reads input text from the user. When the input ends, print, in alphabetical order, each letter that appeared and how many times it appeared, but only for letters whose count...
You have collected the following data: If you randomly select one of these 10 numbers, what is the probability the number (X) will be ... a. equal to 4 ? b. equal to 7 ? c. less than 5 ? d. greater...
Helen and Gerald incorporated Zion Ltd in 2008. Zion Ltd manufactures and sells wine barrels in Margaret River, Western Australia. The business had been successful until late 2013 when Helen and...
Give an overview of the company. Choose the type of firm, the banking structure of the firm in terms of current and past investments, what industry it is in, and any relevant history or background...
Select a component or finished good that you are familiar with that is sourced from a low-cost country. Develop a total cost value proposition to evaluate the potential of continued sourcing from a...
Thomas More Company incurred the following costs during the current year in connection with its research and development activities. Cost of equipment acquired that will have alternative uses in...
Jurassic Company owns equipment that cost $900,000 and has accumulated depreciation of $380,000. The expected future net cash flows from the use of the asset are expected to be $500,000. The fair...
The relationship between f and g is given. Explain the relationship between f and g. g(x) = 3 f(x) 1
Should Bitcoin and other cryptocurrency be regulated and if yes in what ways can they be regulated ?
Why is the study of financial business theories including budgets is important overall Program of Study in business? For example, if you want to pursue a major in Marketing- why is the study of...
ABC Firm issued a 10 year bond semi-annual bond with an annual rate of 4% some seven years ago. What is the price of the bond now (three years to go) if the annual rate of interest demanded by...
Jessica needs $3,000/year for the next four years of expenses. She knows she will want to have some cash for relocating after and thinks $5,000 will be sufficient (this occurs in year 4). Her Grandma...
City ABC is going to issue a $100,000,000 10 year zero coupon bond, proceeds of which will be used for rail infrastructure purposes. If investors demand an annual return of 3%, what will be the...
Franks automobile engine runs at 100C. On a day when the outside temperature is 21C, he turns off the ignition and notes that 5 minutes later, the engine has cooled to 70C. (a) Determine the engines...
Chao, Louis, and Mari, unrelated individuals, own all of the shares of Cerise Corporation. All three shareholders have been active in the management of Cerise since its inception. In the current...
In what way does the type of reward system known as payment by results differ from performance-related pay?
Floyd Corporation has the following four items in its ending inventory . Determine the final lower-of-cost-or-market inventory value for each item. Replacement Net Realizable Value (NRV) NRV less...
Kumar Inc. uses a perpetual inventory system. At January 1, 2011, inventory was $214,000 at both cost and market value. At December 31, 2011, the inventory was $286,000 at cost and $265,000 at market...
Bell, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $8,000. Bell will group the CDs into three price categories for resale,...
what ways do individuals navigate and negotiate their identities within the complex matrix of socialization processes, considering factors such as ethnicity, gender, and socioeconomic status ?
Discuss in three paragraphs how a bank can decrease its labor expense to to improve its risk/return profile. give correct answer with explanation in long.
discuss the concept of resocialization and its significance in situations where individuals undergo significant life transitions or experiences that challenge their existing social identities and...

Target in 2012 reported net income of $2.9 billion, net sales of $69.8 billion, and average total

Question:

Step by Step Answer:

Target asset turnover net sales average assets Targe...View the full answer

Intermediate Accounting

Students also viewed these Accounting questions