Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. As of the end of FY 2017 and 2016, what is the original cost of Target's: Land; Buildings and improvements; and Fixtures and equipment?

a. As of the end of FY 2017 and 2016, what is the original cost of Target's: Land; Buildings and improvements; and Fixtures and equipment? Please show math. (Hint: Use Statement of Financial Position)

b. What was Target's depreciation expense and amortization expense, exclusive of amounts included in cost of sales for FY 2017 and FY 2016? Please show math. (Hint: Use Statement of Operations)

image text in transcribed

image text in transcribed

Consolidated Statements of Financial Position February 3, 2018 January 28 (millions, except footnotes) Assets Cash and cash equivalents Inventory Other current assets 2017 2,643 $ 8,657 1,264 12,564 2,512 8,309 1,169 11,990 Total current assets Property and equipment Land 6,095 28,396 5,623 2,645 440 (18,181) 25,018 1,417 6,106 27,611 5,503 2,651 200 Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation (17,413) Property and equipment, net Other noncurrent assets Total assets Liabilities and shareholders' investment Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings 24,658 783 37,431 38,999 S$ 8,677 $ 4,254 270 13,201 11,317 713 2,059 14,089 7,252 3,737 1,718 12,707 11,031 861 1,879 13,771 Total current liabilities Long-term debt and other borrowings Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' investment 45 5,858 6,553 (747) 46 5,661 5,884 (638) 11,709 10,953 37,431 Total liabilities and shareholders investment Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 541,681,670 shares issued and outstanding at February 3, 2018; 556,156,228 shares issued and outstanding at January 28, 2017 Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding at February 3, 2018 or January 28, 2017 See accompanying Notes to Consolidated Financial Statements. 38,999 S

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

10th Edition

B010IKDQZM

More Books

Students also viewed these Accounting questions