Refer to the financial statements and footnotes of Target given in Appendix B at the end of
Question:
Refer to the financial statements and footnotes of Target given in Appendix B at the end of this book. All dollar amounts are in millions.
Data from in Appendix B
Required:
1. What is the amount of cash Target paid to repurchase shares of their own stock during the most recent fiscal year?
a. $1,343
b. $745
c. $23
d. $1,343
e. $977
2. What is the total par value (not par value per share) of the common stock Target reported at the end of the most recent fiscal year?
a. $42
b. $500
c. $6,329
d. $14,440
e. None of the above
3. How many shares of common stock did Target have outstanding at the end of the most recent fiscal year?
a. 504,198,962
b. 6,000,000,000
c. 500,877,129
d. 5,000,000
e. None of the above
4. What is the amount of shareholders’ equity Target reported at the end of the most recent fiscal year?
a. $14,440
b. $6,329
c. $11,833
d. $8,825
e. None of the above
5. What is the amount of dividends per share Target declared during the most recent fiscal year?
a. $2.54
b. $1.95
c. $2.70
d. $2.62
e. None of the above
Step by Step Answer:
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge