Target Case $($Static$)$ LO$1-9$

Target Corporation prepares its financial statements according to U$.$S$.$ GAAP. Target's financial statements and disclosure notes for the year ended February $1,2020,$ are available here. This material also is available under the Investor Relations link at the company's website $($

www$.$target.com$).$

Required:

What amounts did Target report for the following items for the year ended February $1,2020?$

What was Target's basic earnings per share for the year ended February $1,2020?$

Why do you think Target chose February $1$ as its fiscal year$-$end?

Regarding Target's audit report:

a$.$ Who is Target's auditor?

b$.$ Did Target receive a "clean" $($unmodified$)$ audit opinion?

c$.$ How many critical audit matters were discussed in Target's audit report?