analyzing target financial statements

analyzing target financial statements - Financial Ratios...

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Financial Ratios Target Corporation February 3, 2007 2006 ROE 19% 18% ROA 8% 7% Profit Margin 5% 5% Asset Turnover 1.51 1.48 Financial Leverage 2.55 2.37 Accounts Receivable Turnover 10.03 8.98 Inventory Turnover 6.52 6.22 Accounts Payable Turnover 6.14 5.80 Days in Receivables 36.38 40.65 Days in Inventory 56.01 58.68 Days in Payables 59.49 62.93 Operating cycle 92.39 99.33 Cash cycle 32.90 36.40 Quality of Earnings 1.74 1.85 Current Ratio 1.32 1.50 Quick Ratio 1.19 1.37 Times-Interest Earned Ratio 8.86 9.34 Debt-to-Equity Ratio 1.39 1.46 Debt-to-Assets Ratio 58% 59% 2006 2005 Earnings Growth 16% 28% Cash Flows Growth 9% 17% Sales Growth 13% 12% Current PE Ratio (as of October 5, 07) 19.68
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Consolidated Statements of Operations (millions, except per share data) 2006 2005 2004 Sales $57,878 $51,271 $45,682 Net credit card revenues 1,612 1,349 1,157 Total revenues 59,490 52,620 46,839 Cost of sales 39,399 34,927 31,445 Selling, general and administrative expenses 12,819 11,185 9,797 Credit card expenses 707 776 737 Depreciation and amortization 1,496 1,409 1,259 Earnings from continuing operations before interest expense and income taxes
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This note was uploaded on 02/05/2011 for the course ACCT 301 taught by Professor Hasan during the Fall '09 term at George Mason.

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analyzing target financial statements - Financial Ratios...

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