1. Target was mentioned in the chapter as a company that has a high degree of seasonality (and associated working capital issues). Use target.com or sec.gov to find their annual report. Download their annual report (Form 10-k) and search for Quarterly results (which should be a footnote to the 10-K). You should see historical data for both quarterly and annual periods.
2. Based on the observed data, which of the four quarters is normally best for Target. Why?
3. Which quarter is normally the worst?
4. Find their annual report before COVID (2019) and compare the quarterly results from 2019 to the most recent year. What has changed?
5. Given the above information, identify your concerns from these figures (or anything you know from current events) and include this in your post.