Required Use the Target Corporations annual report in Appendix B to answer the following questions. a. For
Question:
Use the Target Corporation’s annual report in Appendix B to answer the following questions.
a. For the year ended February 1, 2014 (2013), which was larger, Target’s net income or its cash flow from operating activities ? By what amount did they differ?
b. What two items are most responsible for the difference between Target’s net income and its cash flow from operating activities in 2013?
c. In 2013 Target generated approximately $6.5 billion of cash from operating activities, and its cash balance decreased by $89 million. How did the company use this $6.6 billion of cash?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
Question Posted: