Use the Target Corporation Form 10-K to answer the following questions related to Target's 2018 Fiscal...

 

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Use the Target Corporation Form 10-K to answer the following questions related to Target's 2018 Fiscal Year. Note that Target's Fiscal Year ends in late January or early February, so the 2018 Fiscal Year ends February 2, 2019. You will need to use the financial statements as well as notes to the financial statements to answer the questions. Show your calculations and extend all decimal points at least 2 places. Required a. What percentage of Target's total assets did inventory represent at the end of FY 2018 and 2017 (Hint: use the Statement of Financial Position)? b. Comment on the change in the % of total assets inventory represents between the years. Is this a positive or a negative and why? c. What cost flow method did Target use to account for its inventory (Hint: use the footnotes beginning on page 40 of the 10-K)? d. Target had arrangements with some of its vendors such that it does not purchase or pay for merchandise inventory until the merchandise is sold to outside customers. Was the cost of these goods ever included in the Inventory account (Hint: use the footnotes beginning on page 40 of the 10- K. You will find this discussed in Note 3)? Use the Target Corporation Form 10-K to answer the following questions related to Target's 2018 Fiscal Year. Note that Target's Fiscal Year ends in late January or early February, so the 2018 Fiscal Year ends February 2, 2019. You will need to use the financial statements as well as notes to the financial statements to answer the questions. Show your calculations and extend all decimal points at least 2 places. Required a. What percentage of Target's total assets did inventory represent at the end of FY 2018 and 2017 (Hint: use the Statement of Financial Position)? b. Comment on the change in the % of total assets inventory represents between the years. Is this a positive or a negative and why? c. What cost flow method did Target use to account for its inventory (Hint: use the footnotes beginning on page 40 of the 10-K)? d. Target had arrangements with some of its vendors such that it does not purchase or pay for merchandise inventory until the merchandise is sold to outside customers. Was the cost of these goods ever included in the Inventory account (Hint: use the footnotes beginning on page 40 of the 10- K. You will find this discussed in Note 3)?

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Percentage of Total Assets Represented by Inventory To calculate this you need to find the value of ... View the full answer