Obtain Target Corporations annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com
Question:
Obtain Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in Appendix B, and use it to answer the following questions:
a. Which accounts on Target’s balance sheet are accrual type accounts?
b. Compare Target’s net income to its cash provided by operating activities for the fiscal year ended February 2, 2019 (2018). Which is larger?
c. First, compare Target’s 2017 net income to its 2018 net income. Next, compare Target’s 2017 cash provided by operating activities to its 2018 cash provided by operating activities. Which changed the most from 2017 to 2018, net income or cash provided by operating activities?
Step by Step Answer:
Introductory Financial Accounting For Business
ISBN: 9781260575309
2nd Edition
Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds