Details about a company's cash flows appear in a number of places in the annual report. Use Target Corporation's Fiscal 2015 Annual Report to answer the following questions. Visit www.pearsonhighered.com/Horngren to view a link to Target Corporation's Fiscal 2015 Annual Report.
Requirements
1. Which method does Target use to report net cash flows from operating activities? How can you tell?
2. Target earned net income during 2015. Did operations provide cash or use cash during 2015? Give the amount. How did net cash provided by (used for) operations during 2015 compare with net income in 2015?
3. For the year ended January 30, 2016 (fiscal year 2015), did Target pay cash dividends? If so, how much?
4. For the year ended January 30, 2016, did Target use cash to purchase property, plant, and equipment? If so, how much?