chapter 13

1. Did Target have any Preferred stock? _____________________________________

2. Now look at the bottom of the statement of financial position, Is Target authorized to issue preferred stock? How much? _________________________________________

3. How much common stock was outstanding ? (look at the bottom note again) __________________________________________________________________

Go to the Statement of Cash Flows

4. Did Target pay any cash dividends for the year ending February 2020 ? _____________

Consolidated Statements of Financial Position February 1, February 2 (millions, except footnotes) 2020 2019 Assets Cash and cash equivalents 2,577 $ 1.556 Inventory 8,992 9,497 Other current assets 1,333 1,466 Total current assets 12,902 12,519 Property and equipment Land 6,036 6,064 Buildings and improvements 30,603 29.240 Fixtures and equipment 6,083 5,912 Computer hardware and software 2,692 2544 Construction in progress 533 460 Accumulated depreciation (19,664) (18,687) Property and equipment, net 26,283 25,533 Operating lease assets 2,236 1,965 Other noncurrent assets 1,358 1.273 Total assets $ 42,779 $ 41.200 Liabilities and shareholders' investment Accounts payable 9,9205 9,761 Accrued and other current liabilities 4,406 4,201 Current portion of long-term debt and other borrowings 161 1,052 Total current liabilities 14,487 15,014 Long term debt and other borrowings 11,338 10,223 Noncurrent operating lease labilities 2,275 2,004 Deferred income taxes 1.122 972 Other noncurrent liabilities 1,724 1,780 Total noncurrent liabilities 16,459 14,979 Shareholders Investment Common stock Additional paid in capital 6,226 6,042 Retained earnings 6,433 6,017 Accumulated other comprehensive loss (868) (805) Total shareholders' investment 11,833 11.297 Total liabilities and shareholders investment $ 42,779 S 41.200 Common Stock Authorized 6,000,000,000 shares, 50.0833 par value: 504,198.962 shares issued and outstanding as of February 1, 2020, 517,761,600 shares issued and outstanding as of February 2, 2019. Preferred Stock Authorized 5,000,000 shares, 30.01 par value no shares were issued or outstanding during any period presented. See accompanying Notes In Condicated Financial Statements