Final answer:
The question does not provide necessary financial data for Mickey Corporation to ascertain the fulfillment of their 50/10/5 target ratios, which include gross margin, operating income as a percentage of revenues, and net income as a percentage of revenues.
Step-by-step explanation:
The information provided does not contain enough data to determine whether Mickey Corporation met its target ratios of gross margin, operating income as a percentage of revenues, or net income as a percentage of revenues this period. To calculate these financial metrics, specific financial results from Mickey Corporation would be required, including gross profit, operating income, and net income, as well as its total revenues.
Explaining our financial ratios, gross margin is calculated by dividing gross profit by total revenues and is expressed as a percentage. Operating income as a percentage of revenues, also known as operating margin, is found by dividing operating income by total revenues. Lastly, net income as a percentage of revenues, often referred to as profit margin, is calculated by dividing net income by total revenues.
Without actual revenue and profit figures, we cannot directly answer whether Mickey Corporation met the 50/10/5 target ratios. However, the student is directed to use the corresponding figures from Mickey Corporation's income statement, apply the formulae for each ratio, and compare them to the target ratios to determine if the targets have been met.