State if the following sentances about Target are True or False based on the inf

Question

State if the following sentances about Target are True or False based on the infomatuon provided 1. Target had a negative cash flow for 2016. 2. Target has preferred stock outstanding. 3. Target's interest expense decreased from 2015 to 2016. 4. Target retired approximately 4 million shares of common stock in 2016. 5. Target's retained earnings decreased from 2015 to 2016 6. Target declared common dividends in 2016 in the amount of $2,359 million 7. Target's operating activities in 2016 provided daily cash flow of approximately $10 million. 8. Target recently retired long-term debt and sold long term assets.

Explanation / Answer

1) Target has a negative cash flow for 2016 - true

2) Target has preferred stock outstanding - false

3) Targets interest expense has decreased from 2015 to 2016 - false

4)Target retired apprx 4 million shares of common stock in 2016 - false

5) Targets retained earnings decreased from 2015 to 2016- true

6) Target declare dividends in 2016 amounting to $2359 million - false ($1359 milion)

7) Targets operating activties in 2016 provided daliy cash flow of apprx 10 million - false (14.6 million)

8) Tagret recently retired long term debt and sold lon term assets - true

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