Financial statements of Target are available at: http://www.annualreports.com/Company/target-corp

VII. Financial Report:For this part of the assessment, you will prepare a financial report in response to a hypothetical scenario: A major global disaster (in this case an oil spill) has caused environmental damage and has affected global transportation as well. As the controller of Target Corporation, you are tasked with providing a financial report to the board of directors addressing how this event will affect your company.

A. Analyze the effects of the global disaster on the financial statements of Target Corporation using the financial information from Target Corporation.

B. Recommend strategies to address the effects of the disaster on Target Corporation based on your analysis.

When answering the questions, consider the following:

Focus on how the disaster will affect Target Corporation, specifically related to increases in costs of operations and possible rising prices from vendors for shipping and products. How will this affect Target Corporation's bottom line? Could there be an impact to cost of goods sold? What about increases in shipping? Will you need to raise prices? Could these cause inventory shortages? How will this affect sales and your customer base? When considering strategies, what can be done to offset these impacts? How could you avoid the impact of rising transportation costs in products and shipping, along with possible delays in merchandise shipments due to this disaster?