1. If projectingTargets earnings per share based solely on EPS reported over the most recent three years, would you project increasing or decreasing EPS?

2. How manyshares were included in diluted earnings per share, but not basic earnings per share, due to share-based compensation awards?

3. Refer to Targetsfinancial statements for the year ended Jan. 30, 2016. Note 12 provides information on Targets inventories. What method does Target use to report most of its inventories? If Target changed that method to another method, what are the steps Target would take to account for and report the change?

4. Suppose that Targetuses FIFO costing method but decided to change to the LIFO method. What are the steps Target would take to account for and report the change?