Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material is also available under the Investor Relations link at the companys website (www.target.com).

3. Do you think a company like Target would have more research and development costs or more advertising costs? 4. a. What is Targets fixed-asset turnover ratio for the fiscal year ended February 3, 2018? b. What is the ratio intended to measure? 5. Did Target include any intangible assets in total assets? Hint: see Notes 15 and 16.