Use Target Corporation's financial statements to answer the following questions. Visit www.pearsonhighered.com/Horngren to view a link to

Question:

Use Target Corporation's to answer the following questions. Visit www.pearsonhighered.com/Horngren to view a link to Target Corporation's Fiscal 2015 Annual Report.
Requirements
1. Review the stockholders' equity section of the balance sheet. Did Target have any preferred stock at January 30, 2016?
2. Now examine the notes at the bottom of the balance sheet. Is Target authorized to issue preferred stock? If so, how much?
3. How much of Target Corporation's was outstanding at January 30, 2016? How can you tell?
4. Examine Target Corporation's consolidated statements of cash flows. Did Target pay any cash dividends during the year ending January 30, 2016? If so, how much?
5. Show how Target computed basic earnings per share of $5.35 for fiscal year 2015. (Ignore diluted earnings per share.)
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...