TARGET CORPORATION CONSOLIDATED STATEMENTS OF FINANCIAL POSITION [ACTUAL CASE DATA: $ in Millions] ASSETS Current Assets: Cash and cash equivalents Short-term investments Total cash and short-term investments Accounts receivable, net Inventories, net Current deferred taxes Other current assets Total current assets Property, plant, and equipment Less: accumulated depreciation Net property, plant, and equipment Long-term investments Goodwill, net Other intangibles, net Other deferred taxes Other assets Total assets 2007 2,450 2,450 8,054 6,780 556 1,066 18,906 31,982 (7,887) 24,095 60 148 1,351 44,560 2006 813 813 6,194 6,254 427 1,018 14,706 28,381 (6,950) 21,431 60 152 1,000 37,349
TARGET CORPORATION CONSOLIDATED STATEMENTS OF FINANCIAL POSITION [ACTUAL CASE DATA: $ in Millions] ASSETS Current Assets: Cash and cash equivalents Short-term investments Total cash and short-term investments Accounts receivable, net Inventories, net Current deferred taxes Other current assets Total current assets Property, plant, and equipment Less: accumulated depreciation Net property, plant, and equipment Long-term investments Goodwill, net Other intangibles, net Other deferred taxes Other assets Total assets 2007 2,450 2,450 8,054 6,780 556 1,066 18,906 31,982 (7,887) 24,095 60 148 1,351 44,560 2006 813 813 6,194 6,254 427 1,018 14,706 28,381 (6,950) 21,431 60 152 1,000 37,349
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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prepare a common - size Consolidated Statements of Operations (
![TARGET CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
[ACTUAL CASE DATA: $ in Millions]
ASSETS
Current Assets:
Cash and cash equivalents
Short-term investments
Total cash and short-term investments
Accounts receivable, net
Inventories, net
Current deferred taxes
Other current assets
Total current assets
Property, plant, and equipment
Less: accumulated depreciation
Net property, plant, and equipment
Long-term investments
Goodwill, net
Other intangibles, net
Other deferred taxes
Other assets
Total assets
2007
2,450
2,450
8,054
6,780
556
1,066
18,906
31,982
(7,887)
24,095
60
148
1,351
44,560
2006
813
813
6,194
6,254
427
1,018
14,706
28,381
(6,950)
21,431
60
152
1,000
37,349](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb630b26f-8125-44a9-a48d-825feadb47d7%2Fed38e3d1-5082-4bcc-a5eb-8399bcb8d29b%2F2r2h4vo_processed.png&w=3840&q=75)
Transcribed Image Text:TARGET CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
[ACTUAL CASE DATA: $ in Millions]
ASSETS
Current Assets:
Cash and cash equivalents
Short-term investments
Total cash and short-term investments
Accounts receivable, net
Inventories, net
Current deferred taxes
Other current assets
Total current assets
Property, plant, and equipment
Less: accumulated depreciation
Net property, plant, and equipment
Long-term investments
Goodwill, net
Other intangibles, net
Other deferred taxes
Other assets
Total assets
2007
2,450
2,450
8,054
6,780
556
1,066
18,906
31,982
(7,887)
24,095
60
148
1,351
44,560
2006
813
813
6,194
6,254
427
1,018
14,706
28,381
(6,950)
21,431
60
152
1,000
37,349
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