FINANCIAL STATEMENT ANALYSIS PROJECT:

Understanding and analyzing a company's financial statements is an essential skill

to make investments and other management decisions. By conducting financial

statement analysis, you can recognize the impact of a company's major business

activities and assess its financial condition.

In Part $C$ of your final examination, you will conduct a limited analysis of ratios as

required in the instructions below. You are welcome to use Target Corporation if

you are unable to select and identify a corporation.

I have attached a copy of the company's annual report in our module.

Be sure to review the information presented in chapter $14,$ specifically the Ratio

Analysis section found on page $14\mathrm{.}14$ of your textbook.

REQUIRED:

Select the following ratios:

a$.$ Current Ratio

b$.$ Quick Ratio

c$.$ Receivables Turnover

d$.$ Debt to Equity Ratio

Calculate and Compare each ratio $($from requirement $1)$ for each year.

Give a possible reason that caused the resulting trend $($if any$)$ for each

ratio. This is an "open ended" question. Therefore, your answers will

differ.