Log in
Accounting
1
answer
0
watching
150
views
24 Apr 2018

Here's the Link to the Target 2016 annual report- https://corporate.target.com/annual-reports/pdf-viewer-2016?cover=28067&parts=28073

On page 32 of the annual report is Target Income statement (called the Consolidated Statements of Operations). On page 34 is the Balance Sheet (called the Consolidated Statements of Financial Position).

Note: the Balance Sheet ending date for current Fiscal Year (FY) 2016 is January 28, 2017. The Balance Sheet ending date for prior FY 2015 is January 30, 2016.

Requirements: Answer the following questions using Target 2016 Annual Report. You may work with another student but the work must be on your own. Use correct formatting and proper grammar. The financial reports are stated in millions of dollars. When possible, please write answers exactly as they appear in the financial statements. Include commas when writing dollar amounts. Do not include dollar signs. Do not include the word million. Do not include the % sign.

Question 1. How much did Target’s cash and cash equivalents balances (including short-term investments) change during the current FY?

Answer: $______million

Question 2. What were the beginning and ending cash and cash equivalents balances (including short-term investments)?

Answer: Beg = $ million

Answer: End = $ million

Question 3. Review Note 11 Cash Equivalents, in the Notes to Consolidated Financial Statements. What type of instruments does Target consider to be cash equivalents?

Please type exactly as it appears in the Note.

Question 4. Determine the cash ratio for the current FY. Round to two decimal places. (Subtract short-term investments from the cash and cash equivalents balance on the balance sheet.)

Answer: _____

Watch
1
answer
0
watching
150
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Irving Heathcote
Irving HeathcoteLv2
26 Apr 2018

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related questions

Link for the annual report-https://corporate.target.com/annual-reports/pdf-viewer-2016?cover=28067&parts=28073

Refer to the Target 2016 Annual Report. On page 32 of the annualreport is Target Income statement (called the ConsolidatedStatements of Operations). On page 34 is the Balance Sheet (calledthe Consolidated Statements of Financial Position).

Note: the Balance Sheet ending date for current Fiscal Year (FY)2016 is January 28, 2017. The Balance Sheet ending date for priorFY 2015 is January 30, 2016.

Requirements: Answer the following questions usingTarget 2016 Annual Report. You may work with another student butthe work must be on your own. Use correct formatting and propergrammar. The financial reports are stated in millions ofdollars. When possible, please write answers exactly as they appearin the financial statements. Include commas when writing dollaramounts. Do not include dollar signs. Do not include the wordmillion. Do not include the % sign.

Question 9. Did the value of inventory increase or decrease fromthe prior year?

-Increase
-Decrease

Question 10. Review Note 12 Inventory, in the Notes toConsolidated Financial Statements. What does Target include in thecost of inventory?

Question 11. What was the amount of Target' cost of goods sold(cost of sales) for the current FY?

= $________million

Question 12. What was the amount of Target' cost of goods sold(cost of sales) for the prior FY?

= $________million

refer to the Target 2016 Annual Report(https://corporate.target.com/annual-reports/pdf-viewer-2016?cover=28067&parts=28073).On page 32 of the annual report is Target Incomestatement (called the Consolidated Statements of Operations). Onpage 34 is the Balance Sheet (called theConsolidated Statements of Financial Position).

Note: the Balance Sheet ending date for the current Fiscal Year(FY) 2016 is January 28, 2017.The Balance Sheet ending date for prior FY 2015 isJanuary 30, 2016.

Requirements: Answer the following questions using Target2016 Annual Report. You may work with anotherstudent but the work must be on your own. Use correct formattingand proper grammar. The financial reports are stated inmillions of dollars. When possible, please write answers exactly asthey appear in the financial statements. Include commas whenwriting dollar amounts. Do not include dollarsigns. Do not include the wordmillion. Do not include the % sign.

a. How much in cash and cash equivalents did Target have duringthe current FY?

Answer: $_______million

b. Did cash increase or decrease from the prior year?

c. What were the company's total assets for the current FY?

Answer: $________million

d. What were the company's total assets for the prior FY?

Answer: $________million

e. Write the company's accounting equation for the current FYusing dollar amounts.

Answer: $ million = $ million + $

f. Identify total net revenues for the current FY.

Answer: $________million

g. How much did revenues increase or decrease from the prioryear.

Answer: $ million (Type eitherIncrease or Decrease in second blank space.)

Note: If there is a decrease in revenue, do not type parenthesisor negative sign in the first blank space designated for the dollaramount.

h. How much net income/loss (net earnings/loss) did Targetreport for the current FY?

Answer: $________million

i. Were earnings better or worse than the prior year?

j. Calculate return on assets for the current FY. See page 22 ofthe textbook. Round to one decimal place.

Answer: _____%

k. What does return on net assets tell us?

l. Calculate the debt ratio for the currentFY. See page 78 of the textbook. Round tothe nearest whole percentage.

Answer: ____%

m. Review Note 14 (Property and Equipment) (page 42 of theannual report). How is depreciation of these assetscalculated?

Please type exactly as it appears in Note 14.

n. Review Note 14 (Property and Equipment) (page 42 of theannual report). What is the range of useful lives used whendepreciating these assets?

Please type exactly as it appears in Note 14.

Just need an idea how to do this:

ACCT 2101 Project Instructions

What to turn in: A typed, printed copy of your report and a printed copy of the financial statements. These must be neatly stapled together and submitted in class on or before the due date listed in the schedule. No exceptions. If you know or think you will be absent on the due date, please turn in your report early. This includes absences for GGC athletic events or other GGC sponsored activities. Five points will be deducted from your project grade for reports that are not stapled. Reports will not be accepted over email. You cannot use The Home Depot as this was our class example.

Report format: Times New Roman, 12 pt font, double spaced, one-inch margins, length is 2 -3 pages.

About the assignment: Select a company that is publicly traded in the United States. Go to sec.gov and look up the annual report for a company. This document is called a Form 10-K. For the most recent year available, print out copies of the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. Remember, the statements may have different names. Examples of alternative names can be found at the end of the textbook. Do not print the entire 10-K.

Select 3 financial ratios from the textbook and use the information from the financial statements to calculate the ratios. At the end of the textbook there is a list of financial ratios titled “Analyses.” There is also one or more ratios listed at the end of each chapter. Any 3 ratios may be selected from these sources.

Briefly research your company and its history.

Report Contents:

1) The introduction should describe the company. For example, what does the company do, where the company is located, when was it established, etc.

2) The body of the report should discuss the results of your financial ratio calculations. Be sure to include the name of the ratio and the formula. Then, show the calculations typed out. Lastly, interpret the ratio; this means describe what the ratio is telling you.

3) The conclusion of the report should include your opinion about whether or not you would invest in the company and why.

https://www.sec.gov/Archives/edgar/data/865436/000086543617000238/wfm10k2017.htm

Related Documents

ACC 250 Lecture Notes - Lecture 2: Accounts Payable, Income Statement, Certified Public Accountant
OC1069651
ACC 231
Final Exam
Study Guide
ACC 231 Study Guide - Midterm Guide: Financial Statement, Income Statement, Retained Earnings
turquoisegnu128
ACC 312
Final Exam
Study Guide
ACC 312 Study Guide - Midterm Guide: Financial Accounting Standards Board, Accounting Principles Board, Cash Flow
greenwalrus59

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in