Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

answer these questions please, I already provide you u the financial statements, so the number and the answer should come from there. thanks February 1,

answer these questions please, I already provide you u the financial statements, so the number and the answer should come from there. thanks
image text in transcribed
image text in transcribed
image text in transcribed
February 1, February 2. (millions, except footnotes) 2020 2019 Assets Cash and cash equivalents $ 2,577 $ 1,556 Inventory 8,992 9,497 Other current assets 1.333 1,466 Total current assets 12,902 12,519 Property and equipment Land 6,036 6,064 Buildings and improvements 30,603 29.240 Fixtures and equipment 6,083 5,912 Computer hardware and software 2,692 2.544 Construction-in-progress 533 460 Accumulated depreciation (19,664) (18,687) Property and equipment, net 26,283 25,533 Operating lease assets 2.236 1.965 Other noncurrent assets 1,358 1,273 Total assets $ 42.779 $ 41.290 Liabilities and shareholders' investment Accounts payable $ 9.920 $ 9,761 Accrued and other current liabilities 4,406 4,201 Current portion of long-term debt and other borrowings 161 1.052 Total current liabilities 14,487 15,014 Long-term debt and other borrowings 11,338 10.223 Noncurrent operating lease liabilities 2.275 2,004 Deferred income taxes 1,122 972 Other noncurrent liabilities 1,724 1,780 Total noncurrent liabilities 16,459 14,979 Shareholders' investment Common stock 42 43 Additional paid-in capital 6,226 6,042 Retained earnings 6,433 6,017 Accumulated other comprehensive loss (868) (805) Total shareholders' investment 11,833 11,297 Total liabilities and shareholders' investment 42,779 $ 41,290 Common Stock Authorized 6,000,000,000 shares, $0.0833 par value: 504,198,962 shares issued and outstanding as of February 1, 2020: 517,761,600 shares issued and outstanding as of February 2, 2019. Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding during any period presented. FINANCIAL STATEMENTS Consolidated Statements of Shareholders' Investment III Common Stock Additional Accumulated Other Stock Par Paid-in Retained Comprehensive (millions) Shares Value Capital Earnings (Loss)/Income Total January 28, 2017 556.2 $ 46 $ 5,661 $ 5,846 $ (638) $ 10,915 Net earnings 2.914 2,914 Other comprehensive income 8 Dividends declared (1,356) (1,356) Repurchase of stock (17.6) (1) (1.026) (1,027) Stock options and awards 3.1 197 197 Reclassification of tax effects to retained earnings 117 (117) February 3, 2018 541.7 $ 45 $ 5,858 $ 6,495 $ (747) $ 11,651 Net earnings 2.937 2.937 Other comprehensive loss (58) (58) Dividends declared (1.347) (1,347) Repurchase of stock (272) (2) (2.068) (2,070) Stock options and awards 3.3 184 184 February 2, 2019 517.8 $ 43 $ 6.042 $ 6,017 $ (805) S 11.297 Net earnings 3.281 3,281 Other comprehensive loss (63) (63) Dividends declared (1,345) (1,345) Repurchase of stock (16.0) (1.520) (1,521) 2.4 184 184 Stock options and awards 6.226 504.2 $ 42 $ 6.433 $ (868) $ 11,833 February 1, 2020 We declared $2.62. $2.54, and $2.46 dividends per share for the twelve months ended February 1, 2020, February 2, 2019, and February 3, 2018, respectively. 311 What is the par value of Target's common stock? Has Target ever sold any of their shares at a price above par? What one fact can you provide to defend your answer to the previous question regarding whether Targe has ever sold any of their shares at a price above par? How many shares of common stock is Target authorized to issue? How many shares of common stock does Target report were issued on February 1, 2020? Does Target have any classes of stock other than common stock? If so, what class? Does Target have any shares of treasury stock? What two facts can you provide to defend your answer to the previous question regarding whether Target has any treasury stock? Locate the financial statement that reveals to the reader the amount of cash dividends declared (not paid) by Target during the fiscal year ending February 1, 2020. Questions: What is the name of that statement? What was the per share amount of dividends declared? What was the total dollar amount of dividends declared

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions