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Find Target's financial statements and disclosure notes for the year ended February $3,2018($which is $2017$ fiscal year$)$ at the Investor Relations link at the company's website $($www$.$target.comLinks to an external site.$)($or you can google $$Target annual report $2017)$ and answer following questions.

Required:

$1.$ What amount $($$ in millions$)$ does Target report for net property and equipment for the year ended February $3,2018?$ What is the largest category of property and equipment reported on the face of the balance sheet?

$2.$ What amount $($$ in millions$)$ of cash was used in the fiscal year ended February $3,2018,$ to purchase property and equipment? Is this an increase or decrease compared to the previous year?

$3.$ Do you think a company like Target would have more research and development costs or more advertising costs? Explain.

$4.$ What is Target$$s fixed$-$asset turnover ratio for the fiscal year ended February $3,2018?$ What is the ratio intended to measure?

$5.$ Does Target include any intangible assets in total assets? Hint: see Notes $15$ and $16.$

Find CVS Health Corp. $($which purchased Target$$s pharmacy and clinical business in $2015)$s financial statements and disclosure notes $($i$.$e$.,10-$K$)$ for the year ended December $31,2017($issued on February $14,2018)$ at www$.$investors.cvshealth.comLinks to an external site. and answer following questions.

$6.$ CVS indicates in Note $1$ that it has some short$-$term investments that consist of certificates of deposit $($CDs$).$

a$.$ How has CVS classified those CDs for accounting purpose?

b$.$ Per CVS$$s balance sheet, what was the balance in CVS$$s short$-$term investments as of December $31,2017,$ and December $31,2016?$

c$.$ Per CVS$$s statement of cash flows, what cash transactions affected short$-$term investments during $2017?$

d$.$ Prepare a T$-$account that summarizes transactions affecting CVS$$s short$-$term investments during $2017.$ Speculate as to the explanation for any $$plug$$ figure necessary to make the T$-$account balance.

$7.$ Per Note $1,$ CVS has equity$-$method investments in SureScripts, LLC$,$ and in Heartland Healthcare Services. CVS indicates that those investments are immaterial for the year ended December $31,2017.$ Assuming that the Heartland investment is material,

a$.$ How would Heartland$$s earnings affect CVS$$s income statement?

b$.$ How would Heartland$$s earnings affect CVS$$s balance sheet?

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