Use the Target Corporation’s Form 10-K to answer the following questions related to Target’s 2012 fiscal year (year ended February 2, 2013). Target’s Form 10-K is available on the company’s website or through the SEC’s EDGAR database. Appendix A provides instructions for using the EDGAR database.

a. What was Target’s net income for 2012 (the year ended February 2, 2013)?
b. Did Target’s net income increase or decrease from 2011 to 2012, and by how much?
c. What was Target’s accounting equation for 2012?
d. Which of the following had the largest percentage change from 2011 to 2012: net sales; cost of sales; or selling, general, and administrative expenses? Show all computations.