Obtain the Target Corporations annual report at http://investors.target.com using the instructions in Appendix B, and use it
Question:
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. What was Target’s inventory turnover ratio and average days to sell inventory for the fiscal year ended January 28, 2017 (2016) and 2015?
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?
Inventory Turnover RatioInventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...
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All dollar amounts are in millions a Inventory turnover 2016 48872 8309 59 times 2015 51997 86...View the full answer
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Related Book For 
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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