Use the Target Corporation’s Form 10-K to answer the following questions related to Target’s 2015 fiscal year (year ended January 30, 2016). Target’s Form 10-K is available on the company’s website or through the SEC’s EDGAR database. Appendix A provides instructions for using the EDGAR database.
a. Which accounts on Target’s are accrual-type accounts?
b. Which accounts on Target’s are deferral-type accounts?
c. Compare Target’s 2015 net earnings (the year ended January 30, 2016) to its 2015 cash provided by operating activities. Which is larger?
d. First, compare Target’s 2014 net income to its 2015 net income. Next, compare Target’s 2014 cash provided by operating activities to its 2015 cash provided by operating activities. Which changed the most from 2014 to 2015, net earnings or cash provided by operating activities?
e. Why did Target’s net earnings change so much from 2014 to 2015?
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