Annual Financials for Target Corp.

Period Ending:

Trend

1/30/2016

1/31/2015

2/1/2014

2/2/2013

Liquidity Ratios

Current Ratio

112%

116%

91%

117%

Quick Ratio

44%

46%

26%

60%

Cash Ratio

32%

19%

5%

6%

Profitability Ratios

Gross Margin

30%

29%

30%

31%

Operating Margin

7%

6%

7%

8%

Pre-Tax Margin

7%

5%

6%

7%

Profit Margin

5%

2%

3%

4%

Pre-Tax ROE

38%

26%

25%

31%

After Tax ROE

26%

12%

12%

18%

Walmart

Annual Income Statement (values in 000's)

Period Ending:

Trend

1/31/2016

1/31/2015

1/31/2014

1/31/2013

Liquidity Ratios

Current Ratio

93%

97%

88%

83%

Quick Ratio

24%

28%

24%

22%

Cash Ratio

13%

14%

10%

11%

Profitability Ratios

Gross Margin

25%

25%

25%

25%

Operating Margin

5%

6%

6%

6%

Pre-Tax Margin

4%

5%

5%

5%

Profit Margin

3%

3%

3%

4%

Pre-Tax ROE

27%

30%

32%

34%

After Tax ROE

18%

20%

21%

22%

Costco

Annual Income Statement (values in 000's)

Period Ending:

Trend

8/28/2016

8/30/2015

8/31/2014

9/1/2013

Liquidity Ratios

Current Ratio

98%

101%

122%

119%

Quick Ratio

40%

48%

63%

60%

Cash Ratio

30%

39%

51%

46%

Profitability Ratios

Gross Margin

13%

13%

13%

13%

Operating Margin

3%

3%

3%

3%

Pre-Tax Margin

3%

3%

3%

3%

Profit Margin

2%

2%

2%

2%

Pre-Tax ROE

30%

34%

26%

28%

After Tax ROE

19%

22%

17%

19%

Listed above are the financial ratios for Target, Walmart and Costco. Compare and contrast their performance to one another. 1. Give company's capital structure (use of debt and equity) relative to its competitors. 2. Discuss any advantages and disadvantages such a structure might afford a company. 3. Discuss common stock, as well as perferred stocks or bonds. 4. Discuss recent market performance given information above. 5. When taking into consideration its competitors, how does Target compare and rank with Walmart and Costco?