I have to write a report on Target figures for the years 2019 & 2020.

Here are the requirements:

• Section 1. Accounting Treatment (18 points)

For this section, analyze and explain in detail the accounting treatment of the following areas for Target using the most recent annual report and disclosures.

• Fixed Assets
• Intangible Assets
• Liabilities (long term and short)

Here is the data for 2019 & 2020:

Target Corporation on the actual Target Consolidated statement. Sales [use total revenue} Cost of sales Gross margin Selling. general. and administrative expenses Depreciation and amortization Earnings from continuing operations before interest and taxes [or Operating Income} Net interest expense [+Net other {income} I expense} _ Earnings from continuing operations before income taxes Provision for income taxes Net earnings from continuing operations Discontinued operations. net of tax Net earningsloss} Vertical Analysis - Income Statement INSTRUCTIONS: Change to th e year of the report you are analyzing. You may have to insert additional rows based FY 2020 0.03\"\"33301 0.3 14551199 0.19 2??9 69:11 0. 023 09421 0.09 B?BT295 0.010283 65.5 0. 0335 0 0.0T'E130-1109B 0.0T63 0-4093 4 '9 2012199542 '3 4 0'; 5 3,281 TB, 112 54, as: S 23, 248 15, 233 2r 3.52 S 4,658 453 5 4,190 921 5 3,269 12 100.00% \fHorizontal Analysis of the Income Statements Ta rget Corporation INSTRUCTIONS: Change to the year of the report you are analyzing. You may have to insert additional rows based on the actual Target Consolidated statement. FV 2020 FY 2019 $ Change % Change FV 2018 5 Change % Change Sales (use total revenue) 15,449 19.78% 5 75,356 $ 2,756 3.66% Cost of sales 11,313 20.62% 5 53,299 $ 1,565 2.94% Gross margin 4,135 17.79% $ 22,057 5 1,191 5.40% Selling, general, and administrative expenses 2,382 14.67% S 15,723 $ 510 3.24% Depreciation and amortization (127) -5.39% S 2224 5 133 5.98% Earnings from continuing operations before interest and taxes (or Operating Income) 1,881 40.38% $ 4,110 $ 548 13.33% 525 112.13%_ 5 34 7.33% Net interest expense (+Net other (income) I expense) Earnings from continuing operations before income taxes 1,356 32.36% 5 3,676 5 514 13.98% Provision for income taxes 257 27.90% $ 175 23.46% Net earnings from continuing operations 1,099 33.62% $ 2,930 5 339 11.57% Discontinued operations, net of tax (12) -100.00%_ S 5 71.43% mmmmmmmmmmmm Netearnings/(loss) 1,087 33.13% $ 2,937 $ 344 11.71%