Use the Target Corporation's Form 10-K to answer the following questions related to Target's 2015 fiscal year
Question:
Use the Target Corporation's Form 10-K to answer the following questions related to Target's 2015 fiscal year (year ended January 30, 2016). Target's Form 10-K is available on the company's website or through the SEC's EDGAR database. Appendix A provides instructions for using the EDGAR database.
Required
a. What percentage of Target's total revenues end up as net earnings?
b. What percentage of Target's sales go to pay for the costs of the goods being sold?
c. What costs does Target include in its Cost of Sales account?
d. When does Target recognize revenue from the sale of gift cards?
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Dollar amounts are in millions a Net earnings Total revenues 3363 73785 46 b Cost of sales Sales 519...View the full answer
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