Refer to the financial statements of Target given in Appendix B, at the end of this book. All dollar amounts in the statements and answers are in millions. Required: 1. How much inventory does the company hold at the end of the most recent year? 2. Estimate the amount of inventory that the company purchased during the current year. (Hint: Use the cost of goods sold equation.) 3. What method does the company use to determine the cost of its inventory? 4. What is the inventory turnover ratio and average days to sell inventory for the current year and what does this suggest about the company? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 How much inventory does the company hold at the end of the most recent year? C eBook References Much inventory does the company hold at the end of the most recent year? 2. Estimate the amount of inventory that the company purchased during the current year. (Hint: Use the cost of goods sold equation.) 3. What method does the company use to determine the cost of its inventory? 4. What is the inventory turnover ratio and average days to sell inventory for the current year and what does this suggest about the company? Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 Required 4 Estimate the amount of inventory that the company purchased during the current year. (Hint: Use the cost of goods sold equation.) < Required 1 Required 3 >