Obtain Target Corporations annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com

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Obtain Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in Appendix B, and use it to answer the following questions:

a. What was Target’s inventory turnover ratio and average days to sell inventory for the fiscal year ended February 2, 2019 (2018) and 2017?

b. Is the company’s management of inventory getting better or worse?

c. What cost flow method(s) did Target use to account for inventory?

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Introductory Financial Accounting For Business

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Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds

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Question Posted: Dec 03, 2020 02:14 AM

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Obtain Target Corporations annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com

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a Inventory turnover 2018 53299 9497 56 times 2017 51125 8597 59 times Av...View the full answer

Introductory Financial Accounting For Business

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