Obtain the Target Corporations annual report at http://investors.target.com using the instructions in Appendix B, and use it
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Obtain the Target Corporation’s annual report at http://investors.target.com using the instructions in Appendix B, and use it to answer the following questions:
a. What was Target’s current ratio for its fiscal year ended January 28, 2017 (2016) and 2015?
b. Did the current ratio get stronger or weaker from 2015 to 2016? Explain briefly why this happened.
c. Target’s balance sheet reports “Accrued and other current liabilities.” What is included in this category?
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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