Help with writing this in a written form "memo" I understand the question/answer but having trouble figuring out how to write this as a memo to someone who doesn't know the questions

• What was Targets net income for 2015 (the year ended January 30, 2016)? $3,363 Million

• Did Targets net income increase or decrease from 2014 to 2015, and by how much? Increased by $4,999 Million

• What was Targets accounting equation for 2015? Write out the equation with the numbers from the annual report. Assets = Liabilities + Shareholders Equity

Assets: 40262 40262= 27305+12957

Total Liab. 27305

Sh Eq. 12957

• 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. PAGE 3

2014 2015

Net Sales 72618 73785 1.6%= 73785-72618/72618

Cost of Sales 51278 51997 1.4%=51997-51278/51997

Selling General

And administrative

Expenses 14676 14665 -0.7%= 14665-14676/14665

• Which accounts on Targets balance sheet are accrual-type accounts? -Credit card receivables, accounts payable, accrued and other current liabilities which includes income taxes payable, interest payable, and dividends payable

• Which accounts on Targets balance sheet are deferral-type accounts? -Inventories, buildings and improvements, fixtures and equipment, computer hardware and software, construction in progress

• Compare Targets 2015 net earnings (the year ended January 30, 2016) to its 2015 cash provided by operating activities. Which is larger? Targets 2015 net earnings - $3321-Cash provided by operating activities - $3363

• What was Targets net income for 2015 (the year ended January 30, 2016)? $3,363 Millions

• Did Targets net income increase or decrease from 2014 to 2015, and by how much? Increased by $4,999 Millions

• What was Targets accounting equation for 2015? Write out the equation with the numbers from the annual report. Assets = Liabilities + Shareholders Equity

Assets: 40262 40262= 27305+12957

Total Liab. 27305

Sh Eq. 12957

• Which of the following had the largest percentage change from 2014 to 2015: net sales; the cost of sales; or selling, general, and administrative expenses? Show all computations. PAGE 3

2014 2015

Net Sales 72618 73785 1.6%= 73785-72618/72618

Cost of Sales 51278 51997 1.4%=51997-51278/51997

Selling General

And administrative

Expenses 14676 14665 -0.7%= 14665-14676/14665

• Which accounts on Targets balance sheet are accrual-type accounts? -Credit card receivables, accounts payable, accrued and other current liabilities which includes income taxes payable, interest payable, and dividends payable

• Which accounts on Targets balance sheet are deferral-type accounts? -Inventories, buildings and improvements, fixtures and equipment, computer hardware and software, construction in progress

• Compare Targets 2015 net earnings (the year ended January 30, 2016) to its 2015 cash provided by operating activities. Which is larger? Targets 2015 net earnings - $3321-Cash provided by operating activities - $3363