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Calculate the Sales Growth of the most recent year

Calculate the Sales Growth of the most recent year

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...
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Calculate the Sales Growth of the most recent year.  Enter answer as decimal (not percent.  Example:  .1234 is ok, 12.34% is not ok).

 

Balance Sheets Annual Financials for Target Corp. Assets Fiscalyearis February-lanuary. Allvalues USD milios. 2018 2019 2020 Cash & Short Term Investments 2,840 1,580 2,580 Total Accounts Receivable 929 1,100 Bad Debt/Doubtful Accounts Other Receivables 513 832 Inventories 8,600 9,500 8,990 Progress Payments & Other Other Current Assets 371 368 1,330 Miscellaneous Current Assets 214 209 1,330 Total Current Assets 12,540 12,520 12,900 Net Property, Plant & Equipment 26,420 27,500 28,520 Property, Plant & Equipment- Gross 44,820 46, 190 48, 180 Buildings Land & Improvements 28,130 29,240 30,000 6,100 6,060 6,040 Computer Software and Equipment 2,650 2,540 2,890 Other Property, Plant & Equipment 5,620 5,910 6,080 Accumulated Depreciation 18,400 18,690 19,680 Total Investments and Advances 383 380 Other Long-Term Investments 383 380 Long-Term Note Receivable Intangible Assets Net Goodwill 709 899 830 в33 Net Other Intangi ble 79 68 Other Assets 251 194 1,300 Tangible Other Assets 205 183 1,360 Total Assets 40,300 41,290 42,780 Liabilities & Shareholders' Equity ST Debt & Current Portion LT Debt 2,018 2,019 2,020 429 1,220 181 Short Term Debt 148 166 Current Portion of Long Term Debt Accounts Payable 281 1,050 181 8,880 9,780 9,920 Income Tax Payable Other Current Liabilities 3,950 4,040 4,410 Dividends Payable 336 331 Accrued Payroll 1,350 1,370 Miscellaneous Current Liabilities 2,260 2,330 4.410 Total Current Liabilities 13,050 15,010 14,490 Long-Term Debt Provision for Risks & Charges 13,040 12,230 13,610 41 40 Deferred Taxes 693 972 1,120 Other Liabilities 1,830 1,740 1,720 Total Liabilities 28,850 29,990 30,950 Common Equity (Total) 11,850 11,300 11,830 Common Stock Par/Carry Value 45 43 42 Retained Earnings 8,500 8,020 8,430 -13 -20 Cumulative Adjus t/Unrealized For. Exch. Gain Unrealized Gain/Loss Ma rketable Securities Treasury Stock Total Shareholders' Equity 11,850 11,300 11,830 Accumulated Minority Interest Total Equity 11,650 11,300 11,830 Liabilities & Shareholders' Equity 40,300 41,290 42,780
Transcribed Image Text:Balance Sheets Annual Financials for Target Corp. Assets Fiscalyearis February-lanuary. Allvalues USD milios. 2018 2019 2020 Cash & Short Term Investments 2,840 1,580 2,580 Total Accounts Receivable 929 1,100 Bad Debt/Doubtful Accounts Other Receivables 513 832 Inventories 8,600 9,500 8,990 Progress Payments & Other Other Current Assets 371 368 1,330 Miscellaneous Current Assets 214 209 1,330 Total Current Assets 12,540 12,520 12,900 Net Property, Plant & Equipment 26,420 27,500 28,520 Property, Plant & Equipment- Gross 44,820 46, 190 48, 180 Buildings Land & Improvements 28,130 29,240 30,000 6,100 6,060 6,040 Computer Software and Equipment 2,650 2,540 2,890 Other Property, Plant & Equipment 5,620 5,910 6,080 Accumulated Depreciation 18,400 18,690 19,680 Total Investments and Advances 383 380 Other Long-Term Investments 383 380 Long-Term Note Receivable Intangible Assets Net Goodwill 709 899 830 в33 Net Other Intangi ble 79 68 Other Assets 251 194 1,300 Tangible Other Assets 205 183 1,360 Total Assets 40,300 41,290 42,780 Liabilities & Shareholders' Equity ST Debt & Current Portion LT Debt 2,018 2,019 2,020 429 1,220 181 Short Term Debt 148 166 Current Portion of Long Term Debt Accounts Payable 281 1,050 181 8,880 9,780 9,920 Income Tax Payable Other Current Liabilities 3,950 4,040 4,410 Dividends Payable 336 331 Accrued Payroll 1,350 1,370 Miscellaneous Current Liabilities 2,260 2,330 4.410 Total Current Liabilities 13,050 15,010 14,490 Long-Term Debt Provision for Risks & Charges 13,040 12,230 13,610 41 40 Deferred Taxes 693 972 1,120 Other Liabilities 1,830 1,740 1,720 Total Liabilities 28,850 29,990 30,950 Common Equity (Total) 11,850 11,300 11,830 Common Stock Par/Carry Value 45 43 42 Retained Earnings 8,500 8,020 8,430 -13 -20 Cumulative Adjus t/Unrealized For. Exch. Gain Unrealized Gain/Loss Ma rketable Securities Treasury Stock Total Shareholders' Equity 11,850 11,300 11,830 Accumulated Minority Interest Total Equity 11,650 11,300 11,830 Liabilities & Shareholders' Equity 40,300 41,290 42,780
Annual Financials for Target Corp. INCOME STATEMENTS Fiscal year is FebJan. All values USD millions. 2018 2019 2020 Sales/Revenue 72,710 75,360 78,110 Cost of Goods Sold (COGS) incl. D&A 53,350 55,520 57,220 COGS excluding D&A 50,870 53,050 54,620 Depreciation & Amortization Expense 2,480 2,470 2,600 Depreciation 2,460 2,460 Amortization of Intangibles 14 14 Gross Income 19,360 19,830 20,890 SG&A Expense 15,050 15,630 16,230 Research & Development Other SG&A 15,050 15,630 Other Operating Expense Unusual Expense EBIT after Unusual Expense 205 95 10 -205 4,110 4.650 Non Operating Income/Expense Non-Operating Interest Income Equity in Affiliates (Pretax) 59 28 9 Interest Expense 539 459 467 Gross Interest Expense Interest Capitalized 539 459 487 Pretax Income 3,630 3,680 4,190 Income Tax 722 748 921 Consolidated Net Income 2,910 2,930 3,270 Minority Interest Expense Net Income (before extraord & Pref Div) 2,910 2,930 3,270 Ertraordinaries & Discontinued Operations 7 12 Net Income After Extraordinaries 2.910 2,940 3,280 Preferred Dividends Net Income Available to Common 2,910 2,940 3,280 EPS (Basic) Basic Shares Outstanding EPS (Diluted) Diluted Shares Outstanding 547 529 511 6 550 533 516 EBITDA 6,790 6,680 7,260
Transcribed Image Text:Annual Financials for Target Corp. INCOME STATEMENTS Fiscal year is FebJan. All values USD millions. 2018 2019 2020 Sales/Revenue 72,710 75,360 78,110 Cost of Goods Sold (COGS) incl. D&A 53,350 55,520 57,220 COGS excluding D&A 50,870 53,050 54,620 Depreciation & Amortization Expense 2,480 2,470 2,600 Depreciation 2,460 2,460 Amortization of Intangibles 14 14 Gross Income 19,360 19,830 20,890 SG&A Expense 15,050 15,630 16,230 Research & Development Other SG&A 15,050 15,630 Other Operating Expense Unusual Expense EBIT after Unusual Expense 205 95 10 -205 4,110 4.650 Non Operating Income/Expense Non-Operating Interest Income Equity in Affiliates (Pretax) 59 28 9 Interest Expense 539 459 467 Gross Interest Expense Interest Capitalized 539 459 487 Pretax Income 3,630 3,680 4,190 Income Tax 722 748 921 Consolidated Net Income 2,910 2,930 3,270 Minority Interest Expense Net Income (before extraord & Pref Div) 2,910 2,930 3,270 Ertraordinaries & Discontinued Operations 7 12 Net Income After Extraordinaries 2.910 2,940 3,280 Preferred Dividends Net Income Available to Common 2,910 2,940 3,280 EPS (Basic) Basic Shares Outstanding EPS (Diluted) Diluted Shares Outstanding 547 529 511 6 550 533 516 EBITDA 6,790 6,680 7,260
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