From the Target 10-K 2016 annual report https://corporate.target.com/annual-repo
ID: 2560494 • Letter: F
Question
From the Target 10-K 2016 annual report
https://corporate.target.com/annual-reports/2016/10-K/form-10-K
What is the name of the CPA firm that prepared Target's audit?
What name is given to Target's income statement?
What was Target's net earnings for fiscal year 2016?
What name is given to Target's balance sheet?
What is the 1-28-17 balance in Inventory?
What is the par value of Target's common stock?
What is the 1-28-17 balance in Cash provided by operations?
Between 1-30-16 and 1-28-17 what is the amount of dividends declared?
Target's fiscal year begins on_____________________________________.
Target's retail stores generally record revenue___________________________________.
In December 2015, Target sold its pharmacy and clinic business to______________.
Which inventory costing method does Target use?
What depreciation method does Target use for property and equipment?
What is the range of useful lives used for depreciating fixtures and equipment?
On 1-28-17 the balance in income tax payable was___________________.
Explanation / Answer
1 What is the name of the CPA firm that prepared Target's audit? Ans Ernst & Young LLP 2 What name is given to Target's income statement? Ans Consolidated Statement of Comprehenssive Income 3 What was Target's net earnings for fiscal year 2016? Ans $ 2737 Millions 4 What name is given to Target's balance sheet? Ans Consolidated Statement of Fianancial Position 5 What is the 1-28-17 balance in Inventory? Ans $ 8,309 Million 6 What is the par value of Target's common stock? Ans $ .0833 per Share 7 What is the 1-28-17 balance in Cash provided by operations? Ans $ 5,349/- Million 8 Between 1-30-16 and 1-28-17 what is the amount of dividends declared? Ans $ 1,348 Millions ($ 2.36 per Share) 9 Target's fiscal year begins on Ans 01.02.2016 10 Target's retail stores generally record revenue Ans At the Poit of Sale 11 In December 2015, Target sold its pharmacy and clinic business to Ans CVS Pharmacy, Inc (CVS) 12 Which inventory costing method does Target use? Ans Inventory Valued at the lower of Cost or Market 13 What depreciation method does Target use for property and equipment? Ans Straight Line Method 14 What is the range of useful lives used for depreciating fixtures and equipment? Ans 2 - 15 years 15 On 1-28-17 the balance in income tax payable was Ans $ 158 Million
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