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ATC 4-1 Business Applications Case Understanding real-world annual reports Required Obtain the Target Corporation's annual report...


ATC 4-1 Business Applications Case Understanding real-world annual reports Required Obtain the Target Corporations annual re
ATC 4-1 Business Applications Case Understanding real-world annual reports Required Obtain the Target Corporation's annual report at http://investors.target.com using the instructions in Appendix B. and use it to answer the following questions: a. What was Target's gross margin percentage for the fiscal year ended January 28, 2017 (2016) and 2015? b. What was Target's return on sales percentage for 2016 and 2015? c. Target's return on sales percentage for 2016 was lower than it was in 2015. Ignoring taxes, how much higher would Target's 2016 net income have been if its return on sales percentage in 2016 had been the same as for 2015?
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a) Gross Margin Net Salle - Cogs 2 Gross Mazin Net Sales Net Sales For Jean ended, 728 Jan. 2017 20623 69495 29.67% x100 Forc) Increens in net income of target 2016 it return on sales percentage is equal to Jan, 28, 2016 (2015) 7 694 95 x 7.49%) - 9

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