what are your comments on The stock of Target Corporation is traded on the New Y
ID: 2692510 • Letter: W
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what are your comments on The stock of Target Corporation is traded on the New York Stock Exchange. The statement of financial position provides creditors, investors, and analysts with information about the assets and sources of capital. Over the past three year period, cash and cash equivalents, including short-term investments have been steadily declining ($2,200,000 to $1,712,000 to $794,000) and so have current assets ($18,424,000 to $17,213,000 to $16,449,000 respectively). The current assets were impacted by the fact that while receivables, net of allowances have been continuously declining (6,966,000, $6,153,000, and $5,927,000), inventory and property and equipment have been increasing. However, total assets in 2010 were $44,533,000, in 2011 they were $43,705,000, and in 2012 $46,630,000 (Stock Analysis on Net, 2013). Target appears to have paid for the increase in increased inventory and property and equipment from its cash and cash equivalents, an increase in loans, and an increase in stockholder investments. Accounts payable increased from 2010 to 2011 ($6,511,000 to $6,625,000) and from 2011 to 2012 ($6,625,000 to $6,857,000). Noncurrent liabilities increased from 2010 to 2011 ($17,859,000 to $18,148,000) but then declined significantly from 2011 to 2012 ($18,148,000 to ($16,522,000). Total liabilities declined from 2010 to 2011 ($29,186,000 to $28,218,000) (but then increased from 2011 to 2012 ($28,218,000 to ($30,809,000) exceeding 2010 level. Shareholders' investments increased from 2010 to 2011 ($15,347,000 to $15,487,000) and from 2011 to 2012 ($15,487,000 to $15,821,000) (Stock Analysis on Net, 2013). Over the past three years, Target has continued to remain profitable. Revenues increased from 2010 to 2011 ($65,357,000 to $67,390,000) and from 2011 to 2012 ($67,390,000 to $69,865,000). Earnings before interest expense and income taxes increased from 2010 to 2011 ($4,673,000 to $5,252,000) and from 2011 to 2012 ($5,252,000 to $5,322,000). Earnings before income taxes increased from 2010 to 2011 ($3,872,000 to $4,495,000) but then slightly declined from 2011 to 2012 ($4,495,000 to $4,456,000). Net earnings increased from 2010 to 2011 ($2,488,000 to $2,920,000) and from 2011 to 2012 ($2,920,000 to $2,929,000) (Stock Analysis on Net, 2013). Stock Analysis on Net. (2013). Target Corp. (TGT) Income Statement. Retrieved January 20, 2013 from http://www.stock-analysis-on.net/NYSE/Company/Target-Corp/Financial-Statement/Income-Statement Stock Analysis on Net. (2013). Target Corp. (TGT) Statement of financial position, assets. Retrieved January 20, 2013 from http://www.stock-analysis-on.net/NYSE/Company/Target-Corp/Financial-Statement/Assets Stock Analysis on Net. (2013)Explanation / Answer
Target Corporation operates general merchandise stores in the United States. The company offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; hardlines comprising music, movies, books, computer software, sporting goods, and toys, as well as electronics that comprise video game hardware and software; apparel and accessories consisting of apparel for women, men, boys, girls, toddlers, infants, and newborns; and intimate apparel, jewelry, accessories, and shoes. It also provides food and pet supplies, including dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and décor, such as furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, which include patio furniture and holiday décor. The company sells its merchandise products under private-label and exclusive licensed brands. In addition, it provides in-store amenities. As of December 12, 2012, the company operated 1,782 stores in the United States. Further, it offers general merchandise through its Website, Target.com. The company distributes its merchandise through a network of distribution centers, as well as third parties and direct shipping from vendors. Additionally, it offers credit to guests through its branded proprietary credit cards, the Target Visa Credit Card and the Target Credit Card, as well as through its branded proprietary Target Debit Card. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota. Detailed TGT:US Company Description...
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