The statement of cash flows for Target Corporation, a U.S. retailer, for the year ended February 2.

Question:

The statement of cash flows for Target Corporation, a U.S. retailer, for the year ended February 2. 2008 (fiscal 2007), showed a net cash inflow from operations of $4,125, a net cash outflow for investing of $6,195, and a net cash inflow for financing of $3,707. The balance sheet at February 3, 2007, showed a balance in cash of $813. Target reports all amounts in millions of U.S. dollars ($). Compute the amount of cash on the balance sheet at February 2, 2008.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...