Question

Need help with what I got wrong, please.

Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended February 3, 2018. Fiscal year ended ($ millions) February 3, 2018 Sales revenue $71,879 Cost of sales 51,125 Selling, general and administrative expenses 14,248 Depreciation and amortization 2,194 Earnings from continuing operations before interest and income taxes 4,312 Net interest expense 666 Earnings from continuing operations before income taxes 3,645 Provision for income taxes 718 Net earnings from continuing operations 2.928 Discontinued operations, net of tax 5 Net earnings (loss) $2.934 Bodens February 3, 2018 100% 7% X Note: Round your answers to one decimal place (ex: 0.0715 = 7.2%). TARGET CORPORATION Common-Size Income Statement Year ended: Sales revenue was revende Cost of sales Selling general and administrative expenses Depreciation and amortization Farnings from continuing operations before interest expense and income taxes Net interest expense Earnings from continuing operations before income taxes Provision for income taxes Net earnings from continuing operations Discontinued operations, net of tax Net earnings (loss) 20% X 3% X 6% 5% X

Answer 1

Solution: TARGET CORPORATION Common - Size Income Statement Year ended: February 3, 2018 Sales revenue 100% Cost of Sales 에 7101% 19.8 % 3.1% 6% 0.9% Selling, general and administrative expenses Depreciation and amortization Earnings from continuing operations before interest expense and income taxes Met interest expense Earnings from contunning opariters before income tax Provision for income taxes Met earnings from continuing operations Disintinued operations, net of tax (loss) 5.1% 1 % 4.1% 0 % Met earnings 4.1%