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 SheetsAnnual Financials for Target Corp.AssetsFiscalyearis February-lanuary. Allvalues USD milios.201820192020Cash & Short Term Investments2,840 1,5802,580Total Accounts Receivable929 1,100Bad Debt/Doubtful AccountsOther Receivables513832Inventories8,600 9,5008,990Progress Payments & OtherOther Current Assets3713681,330Miscellaneous Current Assets2142091,330Total Current Assets12,540 12,520 12,900Net Property, Plant & Equipment26,420 27,500 28,520Property, Plant & Equipment- Gross 44,820 46, 190 48, 180BuildingsLand & Improvements28,130 29,240 30,0006,100 6,0606,040Computer Software and Equipment2,650 2,5402,890Other Property, Plant & Equipment5,620 5,9106,080Accumulated Depreciation18,400 18,690 19,680Total Investments and Advances383380Other Long-Term Investments383380Long-Term Note ReceivableIntangible AssetsNet Goodwill709899830в33Net Other Intangi ble7968Other Assets2511941,300Tangible Other Assets2051831,360Total Assets40,300 41,290 42,780Liabilities & Shareholders' EquityST Debt & Current Portion LT Debt2,018 2,0192,0204291,220181Short Term Debt148166Current Portion of Long Term DebtAccounts Payable2811,0501818,880 9,7809,920Income Tax PayableOther Current Liabilities3,950 4,0404,410Dividends Payable336331Accrued Payroll1,350 1,370Miscellaneous Current Liabilities2,260 2,3304.410Total Current Liabilities13,050 15,010 14,490Long-Term DebtProvision for Risks & Charges13,040 12,230 13,6104140Deferred Taxes6939721,120Other Liabilities1,830 1,7401,720Total Liabilities28,850 29,990 30,950Common Equity (Total)11,850 11,300 11,830Common Stock Par/Carry Value454342Retained Earnings8,500 8,0208,430-13-20Cumulative Adjus t/Unrealized For. Exch. GainUnrealized Gain/Loss Ma rketable SecuritiesTreasury StockTotal Shareholders' Equity11,850 11,300 11,830Accumulated Minority InterestTotal Equity11,650 11,300 11,830Liabilities & Shareholders' Equity40,300 41,290 42,780 Annual Financials for Target Corp.INCOME STATEMENTSFiscal year is FebJan. All values USD millions.201820192020Sales/Revenue72,710 75,360 78,110Cost of Goods Sold (COGS) incl. D&A 53,350 55,520 57,220COGS excluding D&A50,870 53,050 54,620Depreciation & Amortization Expense2,480 2,470 2,600Depreciation2,460 2,460Amortization of Intangibles1414Gross Income19,360 19,830 20,890SG&A Expense15,050 15,630 16,230Research & DevelopmentOther SG&A15,050 15,630Other Operating ExpenseUnusual ExpenseEBIT after Unusual Expense2059510-205 4,110 4.650Non Operating Income/ExpenseNon-Operating Interest IncomeEquity in Affiliates (Pretax)59289Interest Expense539459467Gross Interest ExpenseInterest Capitalized539459487Pretax Income3,630 3,680 4,190Income Tax722748921Consolidated Net Income2,910 2,930 3,270Minority Interest ExpenseNet Income (before extraord & Pref Div) 2,910 2,930 3,270Ertraordinaries & Discontinued Operations712Net Income After Extraordinaries2.910 2,940 3,280Preferred DividendsNet Income Available to Common2,910 2,940 3,280EPS (Basic)Basic Shares OutstandingEPS (Diluted)Diluted Shares Outstanding5475295116550533516EBITDA6,790 6,680 7,260

Sales is the revenue which a company has earned during the year by way of providing the services or…

Answered: Calculate the Sales Growth of the most…

Business

Accounting

Calculate the Sales Growth of the most recent year

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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One item is omitted from each of the following computations of the return on investment: Rate of Return on Investment = Profit Margin x Investment Turnover 17 % = 10 % x (a) (b) = 28 % x 0.75 18 % = (c) x 1.5 10 % = 20 % x (d) (e) = 15 % x 1.2 Determine the missing items identified by the letters as shown above. If required, round your answers to two decimal places. (a) fill in the blank (b) fill in the blank % (c) fill in the blank % (d) fill in the blank (e) fill in the blank %
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2 Tiger Audio declared and paid a cash dividend of $7,925 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Previous Income Statement $342,000 $281,000 175,650 166,350 63,600 6,400 96,350 28,905 Sales Revenue Cost of Goods Sold 159,000 122,000 52,930 5,670 63,400 19,020 Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income $ 67,445 $ 44,380 Balance Sheet $ 72,520 32,900 49,000 151,000 $305,420 $ 45, 200 28,000 46,000 138, 200 Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets $257,400 $ 39,000 4,800 101,900 145,700 39,400 120,320 $ 37,000 4,000 116, 200 157, 200 39,400 60,800 Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $1) Retained Earnings Total Liabilities and Stockholders' Equity $305,420 $257,400
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Suppose the following model describes changes in Company ABC’s sales: ∆ ABCt = 0.078 - 0.095(∆ ABCt-1) The current change (first difference) in the company’s sales growth rate is 0.04. Use this information to answer the questions below. (NB: For all the questions below, give your final answers to 3 decimal places.) 1. Calculate the mean-reverting level for changes in the company’s sales growth rate. (Give your answer in decimals). 2. What is the best prediction of the next change? (Give your answer in decimals) 3. What is the prediction of the change following the next change? (Give your answer in decimals) 4. blanks. Suppose we want to compute the four-quarter moving average of Company ABC’s sales as of the beginning of the first quarter of 2022. ABCs sales in the previous four quarters were as follows: 1Q 2021, R 1,200,000; 2Q 2021, R 800,000; 3Q 2021, R 750,000; and 4Q 2021, R 1,600,000. Calculate the four-quarter moving average of sales as of the beginning of the first…
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