Question

Access the U.S. Securities and Exchange Commession (sec.gov) website and locate the most recent 10-K report of Target Corp. Open Targets most recent financial statement and answer the following questions:

1. Attach a link to the financial statement. Check your link to be sure it works.

2. What is their fiscal year end?

3. How are the numbers on their financial statement expressed? (in thousands, in millions, etc.)

4. What are their sales? What is the name of the financial statement where you found Sales? Express your answer correctly - for example, if their sales showing on the income statement are 146,800, you must say $146,800 million or $146,800,000,000.

5. What are their net earnings (same thing as net income)?

6. What is their profit margin? The formula for the profit margin can be found in the chapter. Show your work!

Answer 1

1. https://www.sec.gov/Archives/edgar/data/27419/000002741918000010/tgt-20180203x10k.htm

2. The report is for fiscal year ended February 3, 2018.

3. Numbers in the financial statement are expressed in millions, except per share data.

4. Sales figure for fiscall year ended 2017 along with comparative given in Item 7.   Management's Discussion and Analysis of Financial Condition and Results of Operations

it is 71879$ meaning $71,879 million

5. Net earnings are $2,934 million

6. Profit margin can be found in Item 6.    Selected Financial Data

=Net Earnings/ Sales

=2934/71879

= 4.08%