Use the 2019 financial statement for Target.

Use the financial statements for the company that you have selected. to answer the following questions related to the most recent financial statements available. Please attach the 4 financial statements.

Required

a. What was the net income for the most current year?

b. Did net income increase or decrease over the 2 years presented in the financial statements, and by how much?

c. What was the accounting equation for the most recent year?

d. Which of the following had the largest percentage change in the last 2 years : net sales; cost of sales; or selling, general, and administrative expenses? Show all computations.

Required

a. Which accounts on the balance sheet are accrual-type accounts?

b. Which accounts on the balance sheet are deferral-type accounts?

c. Compare the most recent net earnings to its cash provided by operating activities. Which is larger?

d. First, compare the net income of the 2 most current years . Next, compare cash provided by operating activities to its 2 most recent years.. Which changed the most, net earnings or cash provided by operating activities?

Required

1. What percentage of total revenues end up as net earnings?

2. What percentage of sales go to pay for the costs of the goods being sold?

3. What costs are included in its Cost of Sales account?

*Required

1. How does the company define cash equivalents?

2. The annual report has two reports in which management is clearly identified as having responsibility for the company's financial reporting and internal controls. What are the names of these reports and on what pages are they located?

Required 1. What percentage of total assets was comprised of receivables?

2. Approximately what percentage of receivables did the company think will not be collected in in the 2 most current years

3. What is the policy regarding when to write off receivables?

4. What percentage of total assets was comprised of inventory?

5. What cost flow method does your firm use to account for its inventory?

Required

1. What method of depreciation does your firm use?

2. What types of intangible assets does your firm have?

3. What are the estimated lives that your firm uses for the various types of long-term assets? .

4. As of the most recent year end, what is the original cost of your firms: Land; Buildings and improvements; and Fixtures and equipment (see the footnotes)?

5. What was your firms depreciation expense and amortization expense for the most recent year?

Required Use the financial statements for your firm to calculate the following ratios for the two most recent years by rounding computations to two decimal points. Use excel

1. Working capital

2. Current ratio

3. Quick ratio

4. Receivables turnover

5. Average days to collect accounts receivable

6. Inventory turnover

7. Number of days to sell inventory

8. Debt to assets ratio

9. Debt to equity ratio

10. Number of times interest was earned

11. Plant assets to long-term debt

12. Net margin

13. Turnover of assets

14. Return on investment

15. Return on equity

16. Earnings per share

17. Book value per share of common stock

18. Price-earnings ratio

19. Dividend yield on common stock Required Prepare both a vertical and horizontal analysis of the balance sheet and income statement for the 2 most recent years.. Round percentages to one decimal point.

Final question: If you had $10,000 to invest, would you invest those funds in your firm. Why or why not? What do the financial statements tell you about the management of this firm? What kind of return might you expect? Would it be a dividend or capital return?