Target Corporation reported a net income of $825 million for its fiscal year ending January 2024. Target's total assets were $12,450 million at the beginning of the fiscal year and $11,380 million at the end of the fiscal year. Calculate Target's Return on Assets (ROA) for the fiscal year.

Target Corporation reported a net income of $825 million for its fiscal year ending January 2024. Target's total assets were $12,450 million at the beginning of the fiscal year and $11,380 million at the end of the fiscal year. Calculate Target's Return on Assets (ROA) for the fiscal year.

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 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

general accounting

Target Corporation reported a net income of $825 million for its
fiscal year ending January 2024. Target's total assets were $12,450
million at the beginning of the fiscal year and $11,380 million at the
end of the fiscal year.
Calculate Target's Return on Assets (ROA) for the fiscal year.

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