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givi [52]
3 years ago
15

Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ende

d January 28, 2012. ($ millions) Fiscal year ended January 28, 2012 Sales $77,466 Net credit card revenues 1,399 Total revenues 78,865 Cost of sales 47,860 Selling, general and administrative expenses 14,106 Credit card expenses 446 Depreciation and amortization 2,131 Earnings before interest expense and income taxes 14,322 Net interest expense 866 Earnings before income taxes 13,456 Provision for income taxes 1,527 Net earnings $11,929 Note: Round your answers to one decimal place (ex: 0.0715 = 7.2%). TARGET CORPORATION Common-Size Income Statement Year Ended January 28, 2012 Sales Answer Net credit card revenues Answer Total revenues Answer Cost of sales Answer Selling, general and administrative expenses Answer Credit card expenses Answer Depreciation and amortization Answer Earnings before interest expense and income taxes Answer Net interest expense Answer Earnings before income taxes Answer Provision for income taxes Answer Net earnings Answer
Business
1 answer:
lara31 [8.8K]3 years ago
3 0

Answer:

Target Corporation

Common-Size Income Statement

Year ended:                                                                   January 28, 2012

Sales revenue                                                                       100.0%

Cost of sales                                                                               61.8%

Selling, general and administrative expenses                       18.2%

Depreciation and amortization                                               2.8%

Earnings from continuing operations before interest

expense and income taxes                                                        18.5%

Net interest expense                                                                1.1%

Earnings from continuing operations before income taxes      17.4%

Provision for income taxes                                                        2%

Net earnings from continuing operations                                15.4%

Every line item in the income statement is divided by the sales revenue.

Explanation:

Fiscal year ended January 28, 2012

Sales = $77,466

Net credit card revenues = 1,399

Cost of sales = 47,860

Selling, general and administrative expenses = 14,106

Credit card expenses = 446

Depreciation and amortization = 2,131

Earnings before interest expense and income taxes = 14,322

Net interest expense = 866

Earnings before income taxes = 13,456

Provision for income taxes = 1,527

Net earnings = $11,929

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Midwest Water Works estimates that its WACC is 10.5%. The company is considering the following capital budgeting projects:
krok68 [10]

Answer:

Projects A,B,C,D and E should be accepted

Explanation:

Based on the fact that each of the itemized projects has the same of level of risk as the company's existing assets, we suggest that the firm undertake those projects that gives a return rate which is above the current weighted average cost of capital of 10.5%

In essence,projects A,B,C,D and E should be accepted as they 12%,11.5%,11.2%,11% and 10.7% returns on investment respectively.

Projects F& G would be rejected on the premise that their rates of return are lower than what is currently obtainable in Midwest Water Works.

7 0
2 years ago
The accounts receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account durin
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Beginning balance 10000
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Hope it helps!
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3 years ago
What is the mean 2019E EV/Revenue multiple in the Online Direct Sales comps group in 2019?
ddd [48]

Answer:

The question is not clear and complete.

Let me explain how you can calculate Enterprise Value (EV) to Revenue Multiple

Explanation:

A Enterprise Value (EV) to Revenue Multiple is used to value a business by dividing its enterprise value by its annual revenue. The formula to calculate the Enterprise Value (EV) to Revenue Multiple is EV/Revenue

EV = Enterprise Value

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This can be calculated when we have a share price, shares outstanding, debt, and cash or its equivalence.

8 0
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In each of the following situations, identify if there is a positive or negative externality in play. Explain you answer thoroug
Vitek1552 [10]

Answer:

1. Positive Externality ; 2. Negative Externality ; 3. Positive Externality.

Explanation:

Externalities are benefits or harms to other parties , without payment received or made for them respectively.

Positive Externalities : Externalities positively effecting others. Eg-Education

Negative Externalities : Externalities positively effecting others . Eg-Pollution.

1. Bridal Shop's signage facelift creates benefit for other strip mall businesses also (better business visibility), without former receiving money & latter paying money.

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3 years ago
A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number
Olegator [25]

Based on the information given the number of shares outstanding after the split will be: 160,000 shares.

Using this formula

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Where:

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Let plug in the formula

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Inconclusion the number of shares outstanding after the split will be: 160,000 shares.

Learn more here:

brainly.com/question/14652555

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