Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 3, 2018, are available in Connect. This material is also available under the Investor Relations link at the company’s website (www.target.com). 

Required: 

1. Is Target’s cash provided by operating activities increasing or decreasing? 

2. Is Target’s cash provided by operating activities more or less than net income in fiscal 2017? 

3. Is Target increasing or decreasing its investment in property and equipment? 

4. Is Target increasing or decreasing its long-term debt? 5. Some transactions that don’t increase or decrease cash must be reported in conjunction with a statement of cash flows. What activity of this type did Target report during each of the three years presented?