Navigate to Target's Statement of Cash Flows at the link given below and answer the following questions:

https://corporate.target.com/_media/TargetCorp/annualreports/2014/pdf/Target-2014-Annual-Report.pdf?ext=.pdf

1.What was the net income of Target in 2014 ?

2.How muchcash was generated from operating activities in 2014? How did net loss turn into positive cash flow from operations? Has cash flow from operations increased or decreased compared to 2013?What are the reasons?

3. What were the major cash flowson investing activities in 2014 - was cash generated or used up? How does this compare to 2013? What were the reasons for the increase/decrease?

4. What were the major cash flowsrelating tofinancing activities in 2014 - was cash generated or used up? How does this compare to 2013? What were the reasons for increase/decrease?

5. What was the 'free cash flow' in 2014? How does it compare with 2013?