Business Applications Case Understanding real-world annual reports
Required
Use the Target Corporation annual report in Appendix B to answer the following questions.
a. Which accounts on Target’s balance sheet are accrual type accounts?
b. Which accounts on Target’s balance sheet are deferral type accounts?
c. Compare Target’s 2008 net income to its 2008 cash provided by operating activities. Which is larger?
d. First, compare Target’s 2007 net income to its 2008 net income. Next, compare Target’s 2007 cash provided by operating activities to its 2008 cash provided by operating activities. Which changed the most from 2007 to 2008, net income or cash provided by operating activities?
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