Business Applications Case Understanding real-world annual reports

Required
Use the Target Corporation’s annual report in Appendix B to answer the following questions.
a. For the year ended January 29, 2011 (2010), which was larger, Target’s net income or its cash flow from operating activities ? By what amount did they differ?
b. What two items are most responsible for the difference between Target’s net income and its cash flow from operating activities in 2010?
c. In 2010 Target generated approximately $5.3 billion of cash from operating activities, and its cash balance decreased by about $0.5 billion. How did the company use this $5.8 billion of cash?