Question: Can you please help me , if you get it right, I will give you a thumbs up ! Target Corporation prepares its financial statements
Can you please help me if you get it right, I will give you a thumbs upTarget Corporation prepares its financial statements according to US GAAP. Target's financial statements and disclosure notes for the year ended February are avallable here. This material is also avallable under the investor Relations link at the company's website mwitarget com
Required:
a What amount $ in millions does Target report for net property and equlpment for the year ended February
b What is the largest category of property and equipment reported on the face of the balance sheet?
a What amount $ in milions of cash was used in the fiscal year ended February to purchase property and equipment?
b Is this an increase or decrease compared to the previous year?
Do you think a company like Target would have more research and development costs or more advertising costs?
a What is Target's fixedasset tumover ratio for the fiscal yoar ended February
b What is the ratio intended to measure?
Did Target include any intangible assels in total assets? Hint: see Notes and
a What amount s in millions dpes Target report for net property and equipment for the year ended February
b What is uhe large't eatogory of property and equipment reported on the face of the balance sheet?
table The amount reported for net property and equipment :million,b Largest category of property and equipment,Buildings and improvements,
a What amount $ In milions of cash was used in the fiscal year ended February to purchase property and equipment?
b Is this an incresse or decrease compared to the previous year?
The amount of cash used in the fiscal year:
million
b Was there an increase or a decrease compared to the previous year?
a What is Target's fixedasset turnover ratio for the fiscal year ended February
b What is the ratio intended to measure?
tablea Target's fixodasset tumover ratio,,timesb The fixedasset tumover ratio is internded to moasure:,a company's ability to generate profits,
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