Understanding real world annual reports Required Use the Target Corporations annual report in Appendix B to answer

Question:

Understanding real world annual reports

Required

Use the Target Corporation’s annual report in Appendix B to answer the following questions.

a. What was Target’s inventory turnover ratio and average days to sell inventory for the fiscal-year ended January 29, 2011 (2010) and 2009?

b. Is the company’s management of inventory getting better or worse?

c. What cost flow method(s) did Target use to account for inventory?

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...