Question: From our textbook, explain what information is presented in the assets section on the Balance Sheet. Then, from the Balance Sheet (Statements of Financial Position)

From our textbook, explain what information is presented in the assets section on the Balance Sheet. Then, from theBalance Sheet(Statements of Financial Position) of a U.S. public corporation (state page number from the Form 10-K Annual Report), determine at least three financial statement line items categorized as assets (for example, Cash, Accounts Receivable, Fixed Assets, etc.) and their dollar amounts for the current year and prior year. Determine the dollar amount of Total Current Assets and the dollar amount of Total Assets for the current year and prior year.

From our textbook, explain what information is
125% + A Collaborate Format Document Media Comment View Zoom Add Page Insert Table Chart Text Shape UNITED STATES Document Section Bookmarks SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Printer & Paper Size TARGET CORPORATION Any Printer C Consolidated Statements of Operations A4 C (millions, except per share data) 2020 2019 2018 Page Orientation Sales $ 92,400 $ 77, 130 $ 74,433 Other revenue 1, 161 982 923 Total revenue 93,561 78, 112 75,356 Cost of sales 66,177 54,864 53,299 Selling, general and administrative expenses 18,615 16,233 15,723 Depreciation and amortization (exclusive of depreciation included in cost of 2,230 2,357 2,224 sales) 8.26 x 11.69 inches 6,539 4,658 4,110 Operating income 977 477 461 Net interest expense Net other (income) / expense 16 (9) 27) Earnings from continuing operations before income taxes 5.546 4, 190 3,676 Header Footer Provision for income taxes 1,178 921 746 0 in O in Net earnings from continuing operations 4,368 3,269 2,930 Top Bottom 12 Discontinued operations, net of tax $ Document Body Net earnings $ 4,368 $ 3,281 2,937 Basic earnings per share $ 8.72 $ 6.39 $ 5.54 Document Margins Continuing operations 0.02 0.01 Discontinued operations 0.13 in 1 in Net earnings per share $ 8.72 6.42 $ 5.55 Top Bottom Diluted earnings per share 0.22 in 0.24 in Continuing operations $ 8.64 $ 6.34 $ 5.50 Left Right 0.02 0.01 Discontinued operations Facing Pages $ $ $ 5.51 Net earnings per share 8.64 6.36 Weighted average common shares outstanding Hyphenation 528.6 Basic 500.6 510.9 Ligatures 505.4 515.6 533.2 Diluted Antidilutive shares Note: Per share amounts may not foot due to rounding. TARGET CORPORATION 2020 Form 10-K 35

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