1. In terms of revenues, how many sources of revenue does Target have? Describe how they handle merchandise sales.
2. Compute the current ratio for each of the last three years. Discuss if the current ratio improved, worsened, or held steady. Explain the significance of the changes and what the current ratio means.

financial highlights

(Note: Reflects amounts attributable to continuing operations. 2017 was a 53-week year.)

Total RevenueIn Millions

2015	$74,494
2016	$70,271
2017	$72,714
2018	$75,356
2019	$78,112
2020	$93,561

2020 Growth: 19.8%Five-year CAGR: 4.7%

Operating IncomeIn Millions

2015	$4,878
2016	$4,864
2017	$4,224
2018	$4,110
2019	$4,658
2020	$6,539

2020 Growth: 40.4%Five-year CAGR: 6.0%

Net EarningsIn Millions

2015	$3,321
2016	$2,666
2017	$2,908
2018	$2,930
2019	$3,269
2020	$4,368

2020 Growth: 33.6%Five-year CAGR: 5.6%

Diluted EPS

2015	$5.25
2016	$4.58
2017	$5.29
2018	$5.50
2019	$6.34
2020	$8.64

2020 Growth: 36.3%Five-year CAGR: 10.5%

total 2020 sales: $92,400 million

26%

Beauty & Household Essentials

20%

Food & Beverage

20%

Home Furnishings & Dcor

16%

Apparel & Accessories