Use TARGET’s 2009 ANNUAL REPORT (10-K) from p. 25 to 37


Question Description:

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Use TARGET’s 2009 ANNUAL REPORT (10-K) from p. 25 to 37 (particularly from p.27 to 30) –PDF ATTACHED 1. Verify A = L+E using the balance sheet (B/S) prepared at the end of Fiscal Year 2008. Be specific with numbers. Repeat for the B/S prepared at the end of FY 2009. 2.) Using the B/S prepared at the end of FY 2008 and FY 2009, compute the change in CASH that occurred during the FY 2009. Refer to the Statement of Cash Flows to disaggregate the change in CASH as cash flows from operating activities (CFO), cash flows from investing activities (CFI)and cash flows from financing activities (CFF). Is the amount in CFO a cash inflow or outflow?What about CFI and CFF? What do you infer from these amounts? 3. Using just the B/S and income statement (I/S), check whether TARGET declared anyDIVIDENDS during FY 2009 (Use the identity that relates change in RETAINED EARNINGSwith NET INCOME and NET DIVIDENDS and compute the amount of dividends declared). ATTACHMENT PREVIEW Download attachment 2009 annual report.pdf 1000 Nicollet Mall Minneapolis, MN 55403 612.304.6073 Target.com directors & management financial highlights DIRECTORS Roxanne S. Austin President and Chief Executive Officer, Move Networks, Inc. Calvin Darden Chairman, Darden Development Group, LLC (2) (5) (1) (4) Mary N. Dillon Executive Vice President and Global Chief Marketing Officer, McDonald’s Corp. Mary E. Minnick Partner, Lion Capital (1) (3) Anne M. Mulcahy Chairman, Xerox Corp. $3.30 $2.86 $3.33 $3.21 $2.71 $2,488 $2,214 $2,849 $2,787 $2,408 $4,673 $4,402 $5,272 $5,069 (4) (5) $4,323 $65,357 $64,948 $63,367 $59,490 (2) (3) $52,620 (2) (3) Richard M. Kovacevich Chairman Emeritus and former Chairman and Chief Executive Officer, Wells Fargo & Company (1) (4) ’05 ’06 ’07 ’08 ’09 ’05 ’06 ’07 ’08 ’09 ’05 ’06 ’07 ’08 ’09 ’05 ’06 ’07 ’08 ’09 Total Revenues (millions) Earnings Before Interest Expense and Income Taxes (EBIT) (millions) Earnings (millions) Diluted EPS 2009 Growth %: 12.4% Five-year CAGR: 5.7% 2009 Growth %: 15.2% Five-year CAGR: 9.8% 2009 Growth %: 6.2% Five-year CAGR: 5.4% Timothy R. Baer Executive Vice President, General Counsel and Corporate Secretary Retail sales, does not include credit card revenues. 19% Home Furnishings & Décor 16% Food & Pet Supplies Stephen W. Sanger Retired Chairman and Chief Executive Officer, General Mills, Inc. (2) (5) Gregg W. Steinhafel Chairman, President and Chief Executive Officer, Target Solomon D. Trujillo Former Chief Executive Officer, Telstra Corporation Limited (3) (5) (1)  Audit Committee (2)  Compensation Committee (3) Corporate Responsibility Committee (4)  Finance Committee (5)  Nominating and Governance Committee Jodeen A. Kozlak Executive Vice President, Human Resources Terrence J. Scully President, Target Financial Services Beth M. Jacob Executive Vice President and Chief Information Officer Troy H. Risch Executive Vice President, Stores Gregg W. Steinhafel Chairman, President and Chief Executive Officer Douglas A. Scovanner Executive Vice President and Chief Financial Officer Kathryn A. Tesija Executive Vice President, Merchandising Janna Adair-Potts Senior Vice President, Stores Operations Barbara Dugan Senior Vice President, Target Sourcing Services Tina Schiel Senior Vice President, New Business Development Patricia Adams Senior Vice President, Merchandising, Apparel and Accessories Gregory Duppler Senior Vice President, Merchandising, Grocery Keri Jones Senior Vice President, Merchandising, Health & Beauty OTHER OFFICERS Stacia Andersen Senior Vice President, Merchandising, Home 23% Household Essentials 22% Hardlines 20% Apparel & Accessories (1) (4) John G. Stumpf Chairman, President and Chief Executive Officer, Wells Fargo & Company John D. Griffith Executive Vice President, Property Development Lalit Ahuja President and Managing Director, Target India 2009 Sales ($63.4 Billion) Derica W. Rice Executive Vice President, Global Services and Chief Financial Officer, …

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