Target Corporation Financial Statement Case Study

Financial Statement Case Assignments are a collection of individual assignments whose total point value equals 160.

Please read the General Information and Instructions for the Financial Statement Case Assignments carefully before starting.

Make sure you know how the fiscal year for Target Corporation is presented by watching this video.

Financial Statement Case 16-1

Requirements

1. Which method does Target use to report net cash flows from operating activities? How can you tell?
2. Target earned net income during fiscal year 2020. Did operations provide cash or use cash during 2020? Give the amount. How did net cash provided by (used for) operations during 2020 compare with net income in 2020?
3. For the year ended January 30, 2021 (fiscal year 2020), did Target pay cash dividends? If so, how much?
4. For the year ended January 30, 2021, did Target use cash to purchase property, plant, and equipment? If so, how much?