Suppose in its 2023 annual report that Target Corporation reports beginning total assets of $42.75 billion, ending total assets of $45.90 billion, net sales of $98.25 billion, and net income of $3.65 billion. What is Target's return on assets and asset turnover?

Suppose in its 2023 annual report that Target Corporation reports beginning total assets of $42.75 billion, ending total assets of $45.90 billion, net sales of $98.25 billion, and net income of $3.65 billion. What is Target's return on assets and asset turnover?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3MC: Calculate the 2019 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and...

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Suppose in its 2023 annual report that Target Corporation
reports beginning total assets of $42.75 billion, ending total
assets of $45.90 billion, net sales of $98.25 billion, and net
income of $3.65 billion. What is Target's return on assets and
asset turnover?

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