There are attached the financial statements and _____-year summary from the 20___Annual report of __________

1. Calculate the company's working capital, current ratio, and acidtest ratio at [balance sheet dates].

2. Based on the results of your analysis above, assess the company's overall liquidity position. Explain which ratios indicate particular strengths and/or weaknesses. Assume the following industry averages: Working capital = varies in proportion to firm size; Current ratio = 2.0; Acid-test ratio = 1.6.

3. Explain how working capital and the current ratio are related. Would you expect firms with large amounts of working capital to always have high current ratios?

4. Calculate ROI, showing margin and turnover, for 20_, 20_and 20__.

5. Calculate ROE for as many of the past three years as you can.

Target Corp Financial statements

Consolidated Statements of Operations Consolidated Statements of Financial Position Consolidated Statements of Cash Flows Changes in operating accounts