2.99 See Answer

Question: Target Corporation operates general merchandise and

Target Corporation operates general merchandise and food discount stores in the United States. The company reported the following information for the three years ending January 31, 2011:
Target Corporation operates general merchandise and food discount stores in the United States. The company reported the following information for the three years ending January 31, 2011:


Requirements
1. Compute profit margin for Target for the years ended January 31, 2011, and January 31, 2010.
2. Compute asset turnover for Target for the years ended January 31, 2011, and January 31, 2010.
3. Compute return on assets for Target for the years ended January 31, 2011, and January 31, 2010.
4. What factors contributed to the change in return on assets during the year?
Requirements 1. Compute profit margin for Target for the years ended January 31, 2011, and January 31, 2010. 2. Compute asset turnover for Target for the years ended January 31, 2011, and January 31, 2010. 3. Compute return on assets for Target for the years ended January 31, 2011, and January 31, 2010. 4. What factors contributed to the change in return on assets during the year?





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Target Corporation Income Statement (Adapted) For the years ended Jan 31, Jan 31, Jan 31, (In millions) 2011 2010 2009 Total net revenue $67,390 $65,357 $64,948 Cost of revenue 45,725 44,062 44,157 Selling, general and administrative 16,413 5,252 (757) 4,495 16,622 16,389 Opcrating income or loss Other revenue (expense) 4,673 4,402 (801) 3,872 (866) 3,536 Income before tax Income tax expense (1,575) $ 2,920 (1,384) $ 2,488 (1,322) $ 2,214 Net income Target Corporation Partial Balance Sheet (Condensed) Jan 31, 2011 $17,213 Jan 31, 2010 $18,424 Jan 31, (In millions) 2009 Total current assets $17,488 Property, plant, and cquipment 25,493 25,280 25,756 Other assets 999 829 862 Total asscts $43,705 $44,533 $44,106


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2.99

See Answer