Chapter 1:

What was Targets net income for 2015 (the year ended January 30, 2016)?

Did Targets net income increase or decrease from 2014 to 2015, and by how much?

What was Targets accounting equation for 2015?

Which of the following had the largest percentage change from 2014 to 2015: net sales; cost of sales; or selling, general, and administrative expenses? Show all computations.

Chapter 2:

Which accounts on Targets balance sheet are accrual-type accounts?

Which accounts on Targets balance sheet are deferral-type accounts?

Compare Targets 2015 net earnings (the year ended January 30, 2016) to its 2015 cash pro- vided by operating activities. Which is larger?

First, compare Targets 2014 net income to its 2015 net income. Next, compare Targets 2014 cash provided by operating activities to its 2015 cash provided by operating activities. Which changed the most from 2014 to 2015, net earnings or cash provided by operating activities?

Chapter 3:

What percentage of Targets total revenues end up as net earnings?

What percentage of Targets sales go to pay for the costs of the goods being sold?

What costs does Target include in its Cost of Sales account?

When does Target recognize revenue from the sale of gift cards?

Chapter 5:

What percentage of Targets total assets was comprised of credit card receivables?

Approximately what percentage of credit card receivables did the company think will not be collected in 2014 and 2015?

What is Targets policy regarding when to write off credit card receivables?

What percentage of Targets total assets was comprised of inventory?

What cost flow method did Target use to account for its inventory?

Target had arrangements with some of its vendors such that it does not purchase or pay for merchandise inventory until the merchandise is sold to outside customers. Was the cost of these goods ever included in the Inventory account?

Chapter 6:

What method of depreciation does Target use?

What types of intangible assets does Target have?

What are the estimated lives that Target uses for the various types of long-term assets?

As of January 30, 2016, what is the original cost of Targets: Land; Buildings and improvements; and Fixtures and equipment (see the footnotes)?

What was Targets depreciation expense and amortization expense for 2015 (see the footnotes)?

2015 Annual Report Welcome to our 2015 Annual Report To explore key stories of the past year and find out more about what's in store, visit target.com/abullseyeview. You can also view our Annual Report online at ta target.com/annualreport