Link to the Target 2016 annual report https://corporate.target.com/annual-reports/pdf viewer-20162cover 28067&parts 28073 On page 32 of the annual report is Target Income statement (called the Consolidated Statements of Operations). On page 34 is the Balance Sheet (called the Consolidated Statements of Financial Position) Note: the Balance Sheet ending date for current Fiscal Year (FY) 2016 is January 28, 2017. The Balance Sheet ending date for prior FY 2015 is January 30, 2016. Requirements: using Target 2016 Annual Report. You may work with another student but the work must be on your own. Use correct formatting and proper grammar. The financial reports are stated in millions of dollars. When possible, please write answers exactly as they appear in the financial statements. Include commas when writing dollar amounts. Do not include dollar signs. Do not include the word million. Do not include the % sign. Question 1. How much did Target's cash and cash equivalents balances (including short-term investments) change during the current FY? Answer: S Answer the following questions million Question 2. What were the beginning and ending cash and cash equivalents balances (including short term investments)? Answer: Beg S million Answer: End-$ million Question 3. Review Note 11 Cash Equivalents, in the Notes to Consolidated Financial Statements. What type of instruments does Target consider to be cash equivalents? Please type exactly as it appears in the Note. Question 4. Determine the cash ratio for the current FY. Round to two decimal places. See page 453 in the textbook. (Subtract short-term investments from the cash and cash equivalents balance on the balance shect.)