FIANANCIAL STATEMENT CASE

> Financial Statement Case 17-1 Use Target Corporation’s Fiscal 2015 Annual Report to answer the following questions. Visit http://www.pearsonhighered.com/Horngren to view a link to the Target Corporation Annual Report. Requirements 1. Compute trend analyses for Sales and Net earnings/(loss). Use 2013 as the base year.  What is the most notable aspect of these data? 2. Perform a vertical analysis for Target Corporation’s balance sheet as of January 31, 2016 (fiscal year 2015), and January 31, 2015 (fiscal year 2014). Include only these main categories: Assets: Total current assets Property and equipment, net Noncurrent assets of discontinued operations Other noncurrent assets Total assets Liabilities and shareholders’ investment: Total current liabilities Total noncurrent liabilities Total shareholders’ investment Total liabilities and shareholders’ investment > Team Projects Team Project 17-1 Select an industry you are interested in, and pick any company in that industry to use as the benchmark. Then select two other companies in the same industry. For each category of ratios, compute all the ratios for the three companies. Write a one-page report that compares the two companies with the benchmark company. MyAccountingLab For a wealth of online resources, including exercises, problems, media, and immediate tutorial help, please visit http://www.myaccountinglab.com.

Category: Uncategorized