This case uses both the income statement (consolidated statements of operations) and the balance sheet (consolidated statements of financial position) of Target Corporation.The Annual Report you will be using is the 2015 Annual Report. Requirements1. What was the value of the company's inventory at January 30, 2016, and January 31, 2015?Review Note 12 (specifically Inventories) in the 2. 2. Notes to Consolidated Financial Statements. What does Target include in the cost of inventory?3. What was the amount of Target's cost of goods sold (cost of sales) for the year ending January 30, 2016, and the year ending January 31, 2015?4.. What income statement format does Target use? Explain.5. Compute Target's gross profit percentage for the year ending January 30, 2016, and the year ending January 31, 2015. Did the gross profit percentage improve, worsen, or hold steady? Assuming the industry average for gross profit percentage is 35%, how does Target compare in the industry?

mlat was Lil of the company entory at January 30, 2016, and January 3 15? Review Note 12 (specifically Inventories) in Notes to Consolidated Financial tements. What does Target include in the st of inventory? What was the amount of Target's cost of ods sold (cost of sales) for the year ending uary 30, 2016, and the year ending Janua 2015? What income statement format does Target ? Explain. ompute Target's gross profit percentage f year ending January 30, 2016, and the ye