Horngren's Accounting (12th Edition)
Horngren's Accounting (12th Edition)
12th Edition
ISBN: 9780134486444
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 17, Problem 17.1FSC

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 shareholder’s investment
    Total liabilities and shareholders' investment

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Chapter 17 Solutions

Horngren's Accounting (12th Edition)

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