Obtain the Target Corporations annual report for its 2018 fiscal year (year ended February 2, 2019) at
Question:
Obtain the Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com using the instructions in Appendix A, and use it to answer the following questions:
a. Which accounts on Target’s balance sheet are accrual-type accounts?
b. Which accounts on Target’s balance sheet are deferral-type accounts?
c. Compare Target’s 2018 net earnings (the year ended February 2, 2019) to its 2017 cash provided by operating activities. Which is larger?
d. First, compare Target’s 2017 net income to its 2018 net income. Next, compare Target’s 2017 cash provided by operating activities to its 2018 cash provided by operating activities. Which changed the most from 2017 to 2018, net earnings or cash provided by operating activities?
Step by Step Answer:
Survey Of Accounting
ISBN: 9781260575293
6th Edition
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds