Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Forecast Target s balance sheets for the fiscal years ended February 2 0 2 0 and 2 0 2 1 . Combine the forecasted property
Forecast Targets balance sheets for the fiscal years ended February and Combine the forecasted property and equipment accounts into one account, titled Property and equipment, net. Use the following assumptions and data.
Assumptions $ millions
Inventory as Total revenue
Other current assets as Total revenue
Operating lease assets as Total revenue
Other noncurrent assets as Total revenue
Accounts payable as Total revenue
Accrued and other current liabilities as Total revenue
Noncurrent operating lease liabilities No change
Deferred income taxes as Total revenue
Other noncurrent liabilities as Total revenue
Common stock No change
Additional paidin capital No change
Accumulated other comprehensive loss No change
CAPEXCurrent period total revenue
Dividends for year ended February $
Dividend payout
Stock buybacks per year $
Long term debt, current portion at February $
Long term debt, current portion at February $
Longterm debt, current portion at February $
Instructions:
Round answers to the nearest whole number.
Use a negative sign with your Accumulated other comprehensive loss answers.
Target Corporation
Consolidated Statements of Financial Position
For Fiscal Years Ended $ millions Feb. Feb.
Assets
Cash and cash equivalents Answer
Answer
Inventory Answer
Answer
Other current assets Answer
Answer
Total current assets Answer
Answer
Property and equipment Answer
Answer
Operating lease assets Answer
Answer
Other noncurrent assets Answer
Answer
Total assets Answer
Answer
Liabilities and Shareholders' investment
Accounts payable Answer
Answer
Accrued and other current liabilities Answer
Answer
Current portion of longterm debt and other borrowings Answer
Answer
Total current liabilities Answer
Answer
Longterm debt and other borrowings Answer
Answer
Noncurrent operating lease liabilities Answer
Answer
Deferred income taxes Answer
Answer
Other noncurrent liabilities Answer
Answer
Total noncurrent liabilities Answer
Answer
Shareholders' investment
Common stock Answer
Answer
Additional paidincapital Answer
Answer
Retained earnings Answer
Answer
Accumulated other comprehensive loss Answer
Answer
Total shareholders' investment Answer
Answer
Total liabilities and shareholders' investment Answer
Answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started