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Selected account information (in $ millions) from Target Corporations 2011 annual report follows. While the...

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Accounting

Selected account information (in $ millions) from Target Corporations 2011 annual report follows. While the company has authorized the issuance of 5 million shares of preferred stock, none have been issued.

2011 2010

Net income $2,929 $2,920

Total assets $46,630 $43,705

Total common shareholders equity $15,821 $15,487

(a) Calculate Target Corporations return on assets for 2011. (Round answers to 1 decimal place, e.g. 50.1%.)

Return on assets %

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