CREATE AN ANNUAL REPORT FOR Target Corporation

Section 4 - Assets

A. Inventories: Describe cost flow assumption(s) used by company. You should be able to find this information in the accounting policies note to the financial statements.

B. Property, Plant, and Equipment: Identify the method or methods of depreciation used by your company. You should be able to locate this information in the accounting polices note to the financial statements.

C. List the long-term asset and the current asset totals for the 2 years presented in your companys annual report. Does your company have more long-term assets than current assets? (Note -- for our purposes, anything not a current asset is a long-term asset.) Is it growing in terms of increases in long-term assets?

D. If there have been major purchases, has your company financed them through debt, equity, or internally?

E. Which of the following is the companys largest asset category: accounts receivable, inventory, or land? What is the amount of that asset category?

F. If the company has any intangible assets, what kind are they?

G. Did the company report any contingent liabilities (contingencies)? If so, briefly explain.