Target Annual Report 2018

Web location of Annual Report (or Form 10-K)

List the companys primary products or services (minimum of four). Include the section and the page number where you located the information in your Companys Annual Report.

1. Product or service, Section Name in Annual Report, and Page Number information are located here:

Overview of the Annual Report. Review the Annual Report (or Form 10-K) for your assigned company, it contains several parts.

MANAGEMENT DISCUSSION AND ANALYSIS. This section discusses operating results, industries in which the company operates, financing and investing activities, significant events, trends, and developments. Note its starting page number and full section name here:

Page #:

Full Section Name:

THE FINANCIAL STATEMENTS AND NOTES TO THE FINANCIAL STATEMENTS. There is a section that contains the financial statements. Locate the four financial statements within the Annual Report or Form 10-K and enter the page number below that is printed on the Annual Report, not the .pdf page number.

The Consolidated Statements of Operations (Income Statement) is on page #

The Consolidated Statements of Financial Position (Balance Sheet) on page #

The Consolidated Statements of Cash Flows (Statement of Cash Flows) is on page #

The Consolidated Statements of Shareholders Investment (Statement of Stockholders Equity) is on page #

Enter the note number (or note letter), note name, and the page number the note begins on.

• The property, Plant, and Equipment, or Plant assets

  • Note Number (or letter):

  • Note Name:

  • Page Number:

• Long-term debt

  • Note Number (or letter):

  • Note Name:

  • Page Number:

• Commitments and contingencies

  • Note Number (or letter):

  • Note Name:

  • Page Number:

The Balance Sheet.

1. Locate the companys balance sheet. Replacing the words in the accounting equation with amounts in dollars, give the companys accounting equation at the end of the most recent year and at the end of the prior year.

2. 1. Recent Year:

   2. Prior Year:

3. Locate the companys balance sheet and income statement.

4. 1. The most recent balance sheet is dated ___________________________

   2. The prior year balance sheet is dated _____________________________

   3. The most recent income statement is dated ________________________

   4. The prior year income statement is dated __________________________

CURRENT RATIO.

Calculate the companys current ratio for both the most recent year and the prior year using the formula provided in the textbook. Show your computations, include up to four decimal points.

Write the textbook formula here:

Most recent year:

Prior year:

Explain what information this ratio provides (define), and what the results mean specifically to your assigned company. Use complete sentences, in your own words.

Compare the two, has the ratio improved? (yes or no)

Total asset turnover.

Calculate the companys total asset turnover ratio for both the most recent year and the prior year using the formula provided in the textbook. Locate the prior annual report to correctly compute this ratio for the prior year. Show your computations, include up to four decimal points.

Write the textbook formula here:

Most recent year:

Prior year:

Explain what information this ratio provides (define), and what the results mean specifically to your assigned company. Use complete sentences, in your own words.

Compare the two, has the ratio improved? (yes or no)

DEBT RATIO

Calculate the companys debt ratio using the formula provided in the textbook and using total liabilities for debt. Calculate for both the most recent year and the prior year. Show your computations, include up to four decimal points.

Write the textbook formula here

Most recent year:

Prior year:

Explain what information this ratio provides (define), and what the results mean specifically to your assigned company. Use complete sentences in your own words.

Compare the two, has the ratio improved? (yes or no)

equity ratio

Calculate the Equity ratio for the most recent two years presented using the formula provided in the textbook. Show your computations, include up to four decimal points.

Write the textbook formula here

Most recent year:

Prior year:

Explain what information this ratio provides (define), and what the results mean specifically to your assigned company. Use complete sentences in your own words.

Compare the two, has the ratio improved? (yes or no)

PROFIT MARGIN RATIO

Calculate the profit margin ratio for the most recent two years presented using the formula provided in the textbook. Show your computations, include up to four decimal points.

Write the textbook formula here

Most recent year:

Prior year:

Explain what information this ratio provides (define), and what the results mean specifically to your assigned company. Use complete sentences in your own words.

Compare the two, has the ratio improved? (yes or no)

Return on total assets ratio

Calculate the return on total assets ratio for the most recent two years presented using the formula provided in the textbook. Locate the prior annual report to correctly compute this ratio for the prior year. Show your computations, include up to four decimal points.

Write the textbook formula here

Most recent year:

Prior year:

Explain what information this ratio provides (define), and what the results mean specifically to your assigned company. Use complete sentences in your own words.

Compare the two, has the ratio improved? (yes or no)

Statement of Cash Flows. Answer the following questions.

1. How much was the net cash flow from operating activities?

   1. Was it an inflow or an outflow of cash?

   2. What does this tell us about your assigned company?

2. How much was the net cash flow from investing activities?

   1. Was it an inflow or an outflow of cash?

   2. What does this tell us about your assigned company?

3. How much was the net cash flow from financing activities?

   1. Was it an inflow or an outflow of cash?

   2. What does this tell us about your assigned company?

cash flow on total assets ratio

Calculate the companys Cash Flow on Total Assets for both the most recent year and the prior year using the formula provided in the textbook. Show your computations, use four decimal points.

Write the textbook Formula here:

Most recent year:

Prior year:

Explain what information this ratio provides (define), and what the results mean specifically to your company. Use complete sentences in your own words.

Compare the two years, has the cash flow on total assets improved? (Yes or no?)

Overall evaluation.

Imagine that a friend has just inherited $5,000,000 and is considering loaning it all to the company your group has researched. The loan will be repaid in three years, the market rate of interest paid annually. What is your groups recommendation based on the work completed? Loan or do not a loan? Why?