Business Applications Case Understanding real-world annual reports
Required
a. Use the largest Corporation’s annual report in Appendix B to answer the following questions.
(1) What was Target’s gross margin percentage for 2008 and 2007?
(2) What was Target’s return on sales percentage for 2008 and 2007?
(3) Target’s gross margin percentage decreased in 2008. Ignoring taxes, how much higher would its 2008 net income have been if the gross margin percentage in 2008 had been the same as for 2007?
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