Required Use the Target Corporations annual report in Appendix B to answer the following questions. a. What
Question:
Required
Use the Target Corporation’s annual report in Appendix B to answer the following questions.
a. What was Target’s net income for 2013 (the year ended February 1, 2014)?
b. Did Target’s net income increase or decrease from 2012 to 2013? By how much?
c. What was Target’s accounting equation for 2013?
d. Which of the following had the largest percentage change from 2012 to 2013: sales, cost of sales, or selling, general, and administrative expenses? Show all computations.
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a 1971 b Net income decreased by 1028 STOCKHOLDERS c ...View the full answer
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Related Book For 
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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