Obtain the Target Corporations annual report at http://investors.target.com using the instructions in Appendix B, and use it
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Obtain the Target Corporation’s annual report at http://investors.target.com using the instructions in Appendix B, and use it to answer the following questions:
a. Which accounts on Target’s balance sheet are accrual type accounts?
b. Compare Target’s net income to its cash provided by operating activities for the fiscal year ended February 1, 2017 (2016). Which is larger?
c. First, compare Target’s 2015 net income to its 2016 net income. Next, compare Target’s 2015 cash provided by operating activities to its 2016 cash provided by operating activities. Which changed the most from 2015 to 2016, net income or cash provided by operating activities?
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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