Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement...

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Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Targets common-size income s

TARGET CORPORATION Common-Size Income Statement Year ended: January 31, 2015 Sales revenue 0 % Cost of sales 0 % Selling, gen

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Answer 1

Answer #1

Common size income statement

	January 31,2015
Sales	100%
Cost of sales	70.6%
Selling,general and administrative expense	20.2%
Depreciation and amortization	2.9%
Earning from continuing operations before interest and income taxes	6.3%
Net interest expense	1.2%
earning from continuing operations before income taxes	5.1%
provision for income taxes	1.7%
Net earnings from continuing operations	3.4%
Discontinued operation net of tax	-5.6%
Net earning (loss)	-2.3%

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Answer 2

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