VII. Report for CEO

At the most recent strategic planning meeting, the board of directors of your company has voted to issue additional stock to raise capital for major expansions for the company in the next five years. The board is considering $$5$ billion. Take the most recent financial statements and prepare a set of projected financial statements based on the given assumptions. The CEO requests that you prepare a written report $($including the financial statements$)$ for her

Generate a projected statement of retained earnings based on the given scenario.

Analyze the impact on the statement of retained earnings based on the given scenario.

TARGET CORP. $($TGT$)$

CONSOLIDATED STATEMENTS OF SHAREHOLDERS INVESTMENTS

amounts in millions Common Stock Stock Par Value Paid$-$in Capital Retained Earnings Accumulated Other Comprehensive Income $($Loss$)$ Total

Balance, February $3,2018$ $$541\mathrm{.}70$ $$45$ $$5,858$ $$6,495$ $$(747)$ $$11,651$

Net Earnings $---2,937-2,937$

Shares Issued Under Employee Stock Plans $------$

Shares Issued Under Employee Stock Plans, shares $-----$

Tax Effect of Stock$-$Based Compensation $----(58)(58)$

Foreign Currency Translation Adjustments $------$

Cash Flow Hedges, net of tax $------$

Stock Options, Awards and Amortization of Restricted Stock $3\mathrm{.}30-----$

Repurchases of Common Stock $(27)(2)-(2,068)-(2,070)$

Repurchases of Common Stock, shares $--184--184$

Cash Dividends Paid to Stockholders $---(1,347)-(1,347)$

Other $------$

Balance, February $2,2019$ $$517\mathrm{.}80$ $$43\mathrm{.}00$ $$6,042$ $$6,017$ $$(805)$ $$11,297\mathrm{.}00$

Net Earnings $---3,281-3,281$

Shares Issued Under Employee Stock Plans $------$

Shares Issued Under Employee Stock Plans, shares $-----$

Tax Effect of Stock$-$Based Compensation $------$

Foreign Currency Translation Adjustments $------$

Cash Flow Hedges, net of tax $------$

Stock Options, Awards and Amortization of Restricted Stock $2-184--184$

Repurchases of Common Stock $(16)(1)-(1,520)-(1,520)$

Repurchases of Common Stock, shares $------$

Cash Dividends Paid to Stockholders $---(1,345)-(1,345)$

Other $----(63)(63)$

Balance, February $1,2020$ $$504$ $$42$ $$6,226$ $$6,433$ $$(868)$ $$11,834$

Net Earnings $---4,368-4,368$

Shares Issued Under Employee Stock Plans $------$

Tax Effect of Stock$-$Based Compensation $------$

Foreign Currency Translation Adjustments $------$

Cash Flow Hedges, net of tax $------$

Stock Options, Awards and Amortization of Restricted Stock $2-103--103$

Repurchases of Common Stock $(6)--(609)-(609)$

Cash Dividends Paid to Stockholders $---(1,367)-(1,367)$

Other $----112112$

Balance,January $30,2021$ $$501$ $$42$ $$6,329$ $$8,825$ $$(756)$ $$14,441$

Net Earnings $---6,946-6,946$

Shares Issued Under Employee Stock Plans $------$

Tax Effect of Stock$-$Based Compensation $------$

Foreign Currency Translation Adjustments $------$

Cash Flow Hedges, net of tax $------$

Stock Options, Awards and Amortization of Restricted Stock $2-92--92$

Repurchases of Common Stock $(31)(3)-(7,196)-(7,199)$

Repurchases of Common Stock, shares $---(1,655)-(1,655)$

Cash Dividends $----203203$

Balance, January $29,2022$ $$6,316$ $$39$ $$6,421$ $$6,920$ $$(553)$ $$12,828$

Net Earnings $---2,780-2,780$

Shares Issued Under Employee Stock Plans $--- There are 3 Steps involved in it Step: 1 Get Instant Access to Expert-Tailored Solutions See step-by-step solutions with expert insights and AI powered tools for academic success Step: 2 Step: 3 Ace Your Homework with AI Get the answers you need in no time with our AI-driven, step-by-step assistance Get Started Recommended Textbook for Cost Accounting Authors: Mark Lee Inman 1st Edition 0434908304, 9780434908301 More Books Students also viewed these Accounting questions Question ★★★★★ Use the techniques of Section 4.3 to derive the joint distribution of (X, Y) from the joint distribution of (X, Z) in Examples 4.5.8 and 4.5.9. Answered: 1 week ago Question ★★★★★ Refer to E3-10. E3-10 Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account... Answered: 1 week ago Question ★★★★★ What is the biggest strength of the program? Answered: 1 week ago Question ★★★★★ Enter the following transactions in a general journal: Nov. 1 Jean Haghighat made payment on account, $750. 12 Marc Antonoff made payment on account, $464. 15 Cash sales were $3,763. 18 Will Mossein... Answered: 1 week ago Question ★★★★★ Exercise 11-19 Sheridan Company owns 9,000 acres of timberland purchased in 2006 at a cost of $1,568 per acre. At the time of purchase, the land without the timber was valued at $448 per acre. In... Answered: 1 week ago Question ★★★★★ For 2012, Acme forecasts the following: Operating income will grow 5% versus 2011. Interest expense will be 2.5% of the December 31, 2011 long-term debt balance. Interest income will be flat from... Answered: 1 week ago Question ★★★★★ The North American Free Trade Agreement (NAFTA) was an agreement among the United States, Canada, and Mexico that was in effect between 1994 and 2020. During this time, the number of manufacturing... Answered: 1 week ago Question ★★★★★ Businesses like Earth Angel and Bubbly Dynamics described in the "Adapting to Change" box reuse, redistribute, refurbish or recycle products instead of adding them to landfills. This circular economy... Answered: 1 week ago Question ★★★★★ 3-7. The box of a dump truck pivots at A and has a force of 850 lb applied by a hydraulic cylinder as shown in Figure P3-7. Determine the moment about A due to this force. 63 850 lb 30 A FIGURE P3-7 Answered: 1 week ago Question ★★★★★ One of Lauren's responsibilities as the director of graduate enrollment was to make the first night of class in the MBA program, known as Base Camp, a welcoming and impressive event. She assembled... Answered: 1 week ago Question ★★★★★ An electronics store kept records of sales of tablets for the previous month. Those buying a tablet had the option of buying an additional warranty for their item. It was also recorded whether the... Answered: 1 week ago Question ★★★★★ You are taking an online college class and have been offered the final exam from a student who printed a copy for you after taking the exam yesterday. The correct answers are not on the test copy.... Answered: 1 week ago Question ★★★★★ You are offered a great job, but you have to relocate to a distant city. Your family agrees that the decision is yours to make, but you know they do not want to move. What do you do? Answered: 1 week ago Question ★★★★★ Your job or career: Where are you working? What are you doing? What is your compensation? Answered: 1 week ago Previous Question Next Question View Answer in SolutionInn App Services Sitemap Fun Definitions Become Tutor Study Help Categories Recent Questions Expert Questions Company Info Security Copyrights Privacy Policy Terms & Conditions SolutionInn Fee Scholarship Get In Touch About Us Contact Us Career Jobs FAQ Campus Ambassador Secure Payment Download Our App © 2024 SolutionInn. All Rights Reserved $