Textbook:
Title: Introductory FinancialAccounting for Business
Author: Thomas Edmonds andChristopher Edmonds and Mark Edmonds and Jennifer Edmonds and Philip Olds
Edition: 2nd Edition
Year (if known): 2021
Publisher: McGraw-Hill
ISBN: 9781260814446
Case Study #2 – Target
Assignment Content
Textbook ATC 5-1 – Business Applications Case Page 277 Understanding real-world annualreports.
Submit your 2-4 page (excluding title page and works cited)paper.
In order to receive full credit, answer each question fullyand demonstrate college-level writing skills.
Please see Case Study Grading Rubric for comprehensive gradingelements.
Requirements:
1. What was Target’s inventory turnover ratio andaverage days to sell inventory for the fiscal year ended February 2, 2019,2018, and 2017.
2. Is the company’s management of inventory gettingbetter or worse?
3. What cost flow method(s) did Target use toaccount for inventory?
4. Based on the information, would you recommendany actions for Target to consider?
5. Select a competitor and compare Target’sinventory ratios to that competitor.
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