Business Application Case Understanding real world annual reports
Use the Target Corporation’s annual report in Appendix B to answer the following questions related to Target’s 2009 fiscal year.
Required
a.What percentage of Target’s total revenues end up as net earnings?
b. What percentage of Target’s sales go to pay for the costs of the goods being sold?
c. What costs does Target include in its Cost of Sales account?
d. When does Target recognize revenue from the sale of gift cards?
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