Question

Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the company’s website (www.target.com).

Required:
1. What amounts did Target report for the following items for the year ended February 3, 2018?

a.Total revenues $71,879million <--- correct

b.Income from current operations

c.Net income or net loss $2,934million <--- correct

d.Total assets $38,999million <--- correct

e.Total equity $11,709million <--- correct

2. What was Target’s basic earnings per share for the year ended February 3, 2018? (Round your answers to 2 decimal places.)

If you could tell me where and how you found the missing anser in #1, and #2 I would greatly appreciate it. Thank you.

Answer 1

6 1. What amounts did Target report for the following items for the year ended February 3, 2018? a.Total revenues b.Income from current operations c.Net income or net loss d. Total assets e.Total equity $71,879 million $2,928 million $2,934 million $38,999 million $11,709 million 2. What was Target's basic earnings per share for the year ended February 3, 2018? 14 15 $2,928 Income from Continuing operations Add Income from discontinuing Operations Net income or net loss Weighted Average number of shares $2,934 546.8 Income from Continuing operations Add Income from discontinuing Operations Basic Earnings per share $5.35 (2928/546.8) 0.01 (6/546.8) $5.36