Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 3, 2018, are
Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the company's website (www.target.com). Required: 1. What amounts did Target report for the following items for the year ended February 3, 2018? 2. What was Target's basic earnings per share for the year ended February 3, 2018? (Round your answers to 2 decimal places.) 3. What is Target's fiscal year-end? Why do you think Target chose that year-end? 4. Regarding Target's audit report: a. Who is Target's auditor? b. Did Target receive a "clean" (unmodified) audit opinion?
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