1. Conduct the VRIN Analysis for Target Stores, Inc. - NACIS - 452210/SIC - 5311

Resources / Capabilities	Valuable	Rare	Non-imitable	Non-substitutable	Type of Competitive Advantage
Ultra-Low-Cost
Human Capital
Relationship with Suppliers
International Presence
Technological integration

1(a). VRIN Analysis Findings:

2. Perform a financial ratios trend analysis for your firm using precalculated ratios from Mergent Online database.

Ratios	2020	2021	2022	Trend
Profitability
	Profit Margin
	ROA	7.83	9.32	13.26
	ROE	28.45	33.34	51.09
Financial Leverage
	Quick Ratio	.24	.48	.33
	Current Ratio	.89	1.03	.99
Debt Management Efficiency
	Total Debt to Equity	.97	.88	1.07
Asset Management Efficiency
	Total Asset Turnover	1.86	2	2.02
	Receivables Turnover	75.97	89.48	85.45
	Payables Turnover	7.96	8.24	7.5
	Inventory Turnover	5.93	6.74	6.11
Shareholders Return
	Book Value Per Share	23.47	28.83	27.22