Target Corporation is one of the largest retail chains in the United States. It had a net income of $2,780 million and sales of $78,112 million in 2023. Its total assets were $41,250 million at the beginning of the year and $44,620 million at the end of the year. What is Target Corporation's (a) asset turnover ratio and (b) profit margin ratio?
Target Corporation is one of the largest retail chains in the United States. It had a net income of $2,780 million and sales of $78,112 million in 2023. Its total assets were $41,250 million at the beginning of the year and $44,620 million at the end of the year. What is Target Corporation's (a) asset turnover ratio and (b) profit margin ratio?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 6MCQ
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What is target corporation? a b ? General accounting question
Transcribed Image Text:Target Corporation is one of the largest retail chains in the United States.
It had a net income of $2,780 million and sales of $78,112 million in
2023. Its total assets were $41,250 million at the beginning of the year
and $44,620 million at the end of the year.
What is Target Corporation's (a) asset turnover ratio and (b) profit
margin ratio?
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