Understanding real world annual reports Required Use the Target Corporation s annual
Understanding real-world annual reports

Required
Use the Target Corporation’s annual report in Appendix B to answer the following questions:
a. What was Target’s debt to assets ratio for its fiscal-year ended January 29, 2011 (2010) and 2009?
b. What was Target’s return on assets ratio for 2010 and 2009?
c. What was Target’s return on equity ratio for 2010 and 2009?
d. Why was Target’s return on equity ratio higher than its return on assets ratio for 2010 and 2009?

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