Evaluate Targets most recent Form $10-$K$.$ Also examine the

most recent proxy statement. Use the information from the Form $10-$K$,$ and

from the proxy statement to address each of the following requirements.

II$.$ For the most recent $3$ fiscal years compute the current and quick ratios, average

collection period, days$$ inventory on hand, days$$ payables outstanding, and the

cash conversion cycle. Also compute the debt$/$asset ratio and the times interest

earned ratio, as well as the operating profit margin, ROA and ROE. Finally

compute the P$/$E and dividend yield. Comment on the trend for each of the ratios

and what seems to be the reason behind any significant changes.

III. For the most recent year only determine from the notes to the financial

statements the accounting method chosen for inventory valuation and for

depreciation. Discuss any leases and whether the amount treated as operating

leases and the amount treated as finance leases. Note for any marketable

securities or other investments the portion that are considered held$-$to$-$maturity,

trading securities$,$ or available for sale securities$.$

IV$.$ From management$$s discussion and analysis list the top three noteworthy items

regarding changes to sales and income.

V$.$ Finally, determine whether the operating cash flows have changed as a percent

of net income $($usually they would be expected to be more than net income$).$ Also

note any restructuring charges and the reason for them if there were any.

Finally note any one$-$time items over the past three years and explain what they

pertain to$.$