a$.$What percentage of Target's total assets did inventory represent at the end of FY $2022$ and $2021($Hint: use the Statement of Financial Position$)?$

b$.$ Comment on the change in the $ amount and the $\%$ of total assets inventory represents

between the years. Is this a positive or a negative and why? Comment on the impact of

COVID related supply chain issues on the inventory levels.

c$.$ What cost flow method did Target use to account for its inventory $($Hint: use the

footnotes beginning on page $42(43$ on the pdf file$)$ of the $10-K)?$

d$.$ Target had arrangements with some of its vendors such that it does not purchase or

pay for merchandise inventory until the merchandise is sold to outside customers. Was

the cost of these goods ever included in the Inventory account? $($Hint: use the

footnotes beginning on page $42(43$ of the pdf file$)$ of the $10-K$ You will find this

discussed in Revenues Note $3)$

Answer rating: 100% (QA)

a To calculate the percentage of Targets total assets represented by inventory 1 Locate the inventor... View the full answer