1. Using Target's most recent annual report ( use 2015 10K), perform a vertical or common sizing of the company's income statement and balance sheet for the last twe years. ( show step by step how you got the numbers) What does this tell you?

2. Using Target's most recent annual report ( use 2015 10K), perform a trend or horizontal analysis of the company's income statement and balance sheet. What does this tell you? ( show step by step how you got the numbers)

Consolidated Statements of operations (income statement) (millions, except per share data) Sales Credit card revenues Total revenues Cost of sales Selling, general and administrative expenses Credit card expenses Depreciation and amortization Gain on receivables transaction Earnings from continuing operations before interest expense and income taxes Net interest expense Earnings from continuing operations before income taxes Provision for income taxes Net earnings from continuing operations Discontinued operations, net of tax Net (loss)learnings Basic (loss)learnings per share Continuing operations Discontinued operations Ne (loss)earnings per share Diluted (loss)learnings per share Continuing operations Discontinued operations Ne (loss)earnings per share Weighted average common shares outstanding Basic Dilutive effect of share-based awards Diluted Antidilutive shares 2014 72,618 72,618 51,278 14,676 2,129 4,535 882 3,653 1,204 2,449 4,085 1,636 3.86 6.44 2.58 3.83 6.38 2.56 634.7 5.4 640.1 3.3 2013 71,279 71,279 50,039 14,465 1,996 391 5,170 1,049 4,121 1,427 2,694 23 971 4.24 14 3.10 4.20 1.13 3.07 635.1 6.7 641.8 2.3 2012 71,960 1,341 73,301 50,568 14,643 467 2,044 16 5,740 684 5,056 1,741 3,315 (316 2,999 5.05 0.48 4.57 5.00 0.48 4.52 656.7 6.6 663.3 5.0