Target Case $($Static$)[$LO$10-1,10-5]$

Target Corporation prepares its financial statements according to U$.$S$.$ GAAP. Target$$s financial statements and disclosure notes for the year ended February $1,2020,$ are available here. This material is also available under the Investor Relations link at the company$$s website $($www$.$target.com$).$

Required:

$1-$a$.$ What amount $($$ in millions$)$ does Target report for net property and equipment for the year ended February $1,2020?$

$1-$b$.$ What is the largest category of property and equipment reported on the face of the balance sheet?

$2-$a$.$ What amount $($$ in millions$)$ of cash was used in the fiscal year ended February $1,2020,$ to purchase property and equipment?

$2-$b$.$ Is this an increase or decrease compared to the previous year?

$3.$ Do you think a company like Target would have more research and development costs or more advertising costs?

$4-$a$.$ What is Target$$s fixed$-$asset turnover ratio for the fiscal year ended February $1,2020?$

$4-$b$.$ What is the ratio intended to measure?

$5.$ Does Target include any intangible assets in total assets? $($Hint: See Notes $11$ and $12.)$