Use Target Corporation's Fiscal 2015 Annual Report to answer the following questions. Visit http://www.pearsonhighered.com/Horngren to view a link to the Target Corporation Annual Report.

Requirements

1.Compute trend analyses for Sales and Net earnings / (loss). Use 2013 as the base year. What is the most notable aspect of these data?

2.Perform a vertical analysis for Target Corporation's balance sheet as of January 31, 2016 (fiscal year 2015), and January 31, 2015 (fiscal year 2014). Include only these main categories:

a.Assets:

i.Total current assets

ii.Property and equipment, net

iii.Noncurrent assets of discontinued operations

iv.Other noncurrent assets

v.Total assets

b.Liabilities and shareholders' investment:

i.Total current liabilities

ii.Total noncurrent liabilities

iii.Total shareholders' investment

iv.Total liabilities and shareholders' investment