https://investors.target.com/static-files/84b61f80-290f-48a2-b98b-99652641f14f

https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_KSS_2019.pdf

Requirements

1. Review the stockholders' equity section of the balance sheet. Did Target have any preferred stock at February 1, 2020?
2. Now examine the notes at the bottom of the balance sheet. Is Target authorized to issue preferred stock? If so, how much?
3. How much of Target Corporation's common stock was outstanding at February 1, 2020? How can you tell?
4. Examine Target Corporation's consolidated statements of cash flows. Did Target pay any cash dividends during the year ending February 1, 2020? If so, how much?
5. Using the formula found in your textbook, show how Target Corporation computed basic earnings per share of $6.42 for fiscal year 2019. (Ignore diluted earnings per share.)