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Hello, I have a hard time solving this following case. Can anyone please help me to find solution? Thanks, Chapter 8 Assignment (Adapted from ATC
Hello,
I have a hard time solving this following case. Can anyone please help me to find solution?
Thanks,
Chapter 8 Assignment (Adapted from ATC 8-1 in Text)
Use the Target Corporation Form 10-K to answer the following questions related to Targets 2017 Fiscal Year. Note that Targets Fiscal Year ends in late January or early February, so the 2017 Fiscal Year ends February 3, 2018. You will need to use the financial statements as well as notes to the financial statements to answer the questions. Show your calculations.
- What is the par value per share of Target's common stock (Hint: use the Statement of Financial Position and disclosure at bottom of statement)?
- How many shares of Target's common stock were outstanding as of the end of FY 2017 (Hint: use the Statement of Financial Position and disclosure at bottom of statement)?
- Target's annual report provides some details about the company's executive officers. How many are identified? What is their age range? How many are females (Hint: use Item 4A in the 10-K)?
- How much did Target pay in dividends in FY 2017 and 2016? Show the per share amounts and the total dollar amounts. Comment on the change in the per share amounts over the 3 years. Is this a good use of Targets funds (Hint: use the Statement of Cash Flow and the Liquidity and Capital Resources section of the 10-K beginning on page 26)?
- How much did Target spend to repurchase common stock in FY 2017 and 2016? Why would a company like Target repurchase their shares? Is this a good use of Targets funds (Hint: use the Statement of Cash Flow and the Liquidity and Capital Resources section of the 10-K beginning on page 26)?
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