I have obtained Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019). What was Target’s accounting equation for 2018? financial highlightsfinancial summary2018 financial highlights(Note: Reflects amounts attributable to continuing operations. 2017 was a 53-week year.)Total RevenueOperating IncomeIn MillionsIn MillionsNet EarningsIn Millionssales per capita$71,279$72,618$74,494$70,271$72,714$75,356$4,779$4,535$4,878$4,864$4,224$4,110$2,694$2,449$3,321$2,666$2,908$2,93013'13 14 15 16 '17 '18'13 14 '15 16 17 1813 14 15 16 17 182018 Growth: 3.6%2018 Growth: -2.7%2018 Growth: 0.8%Five-year CAGR: 1.1%Five-year CAGR: -3.0%Five-year CAGR: 1.7%2018 total sales: $74,433 Million24%20%20%Beauty & HouseholdEssentialsFood &BeverageApparel &Accessoriestv19%Home Furnishings& DécorDiluted EPS%252'13 14 15 16 17 182018 Growth: 4.0%Five-year CAGR: 5.5%17%HardlinesA financial highlights2018 financial summaryFINANCIAL RESULTS (in millions)Sales (c)Other revenueTotal revenueCost of salesSelling, general and administrative expenses (SG&A)Depreciation and amortization (exclusive of depreciation included in cost of sales)Operating incomeNet interest expense (d)Net other (income) / expense (e)Earnings from continuing operations before income taxesProvision for income taxes (f)Net earnings from continuing operationsDiscontinued operations, net of taxNet earnings / (loss)PER SHAREBASIC EARNINGS/ (LOSS) PER SHAREContinuing operationsDiscontinued operationsNet earnings / (loss) per shareDILUTED EARNINGS/ (LOSS) PER SHAREContinuing operationsDiscontinued operationsNet earnings / (loss) per shareCash dividends declaredFINANCIAL POSITION (in millions)JUN12financial summaryty32018$74,43392375,35653,29915,7232,2244,110461(27)3,6767462,9307$2,937$5.540.01$5.55$5.500.01$5.51$2.54Gsales per capita2017as adjusted (a)(b)$71,78692872,71451,12515,1402,2254,224653(59)3,6307222,9086$2,914$5.320.01$5.32$5.290.01$5.29$2.46NA2016as adjusted (b)$69,41485770,27149,14514,2172,0454,864991(88)3,9611,2952,66668$2,734$4.610.12$4.73$4.580.12$4.69$2.362015as adjusted (b)$73,71777774,49452,24115,4061,9694,878607(652)4,9231,6023,32142$3,363$5.290.07$5.35$5.250.07$5.31$2.2066A2014 (b)$72.618-72,61851,50614,6761,9014,5358823,6531,2042,449(4,085)$(1,636)3.86(6.44)$(2.58)$3.83(6.38)$(2.56)$1.99

Name: I have obtained Target Corporation’s annual report for its 2018 fiscal
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Description: I have obtained Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019). What was Target’s accounting equation for 2018? financial highlightsfinancial summary2018 financial highlights(Note: Reflects amounts attributa

A basic Accounting equation is given as under: Assets = Equity + Liabilities

Answered: I have obtained Target Corporation’s…

Business

Accounting

I have obtained Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019). What was Target’s accounting equation for 2018?

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.9E

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