Question
Obtain Target Corporations annual reports for its fiscal years 2020 and 2021 (years ended on January 30, 2021, and January 29, 2022 at http://investors.target.com, (click
Obtain Target Corporations annual reports for its fiscal years 2020 and 2021 (years ended on January 30, 2021, and January 29, 2022 at http://investors.target.com, (click investors, and then annual reports), download both annual reports to your computer, and then use both annual reports to answer the following questions:
1. What was Targets net earnings for 2020 and 2021? 2. Did Targets net earnings increase or decrease from 2020 to 2021? By how much? 3. What was Targets total assets, total liabilities, and total shareholders investment on January 30, 2021, and January 29, 2022? Please confirm the equality of the accounting equation. 4. Which of the following had the largest percentage change from 2020 to 2021: sales, cost of sales, or selling, general, and administrative expenses? Show your computations.
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