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Target Case $($Static$)[$LO$4-3,4-4,4-6,4-8]$

Target Corporation prepares Its financlal statements according to U$.$S$.$ GAAP. Target's financlal statements and disclosure notes for the year ended February $1,2020,$ are avallable here. This material is also avallable under the Investor Relations IInk at the company's website $($

www$.$target.com$).$

Required:

By what name does Target label Its Income statement?

What amounts did Target report for Items listed below for the year ended February $1,2020?$

Note: Enter your answers in milllons $($l$.$e$.,10,000,000$ should be entered as $10).$

a$.$ Sales

b$.$ Cost of goods sold $($labeled cost of sales$)$

c$.$ Earnings from continuing operations before Income taxes

d$.$ Net earnings from continuing operations

e$.$ Net earnings

Does Target report any Items as part of Its other comprehensive income?

Does Target prepare the statement of cash flows using the direct method or the indirect method?

Which is higher, net earnings or operating cash flows, and what is the biggest reason why?

What is the largest Investing cash flow and the largest financing cash flow reported by the company for the year ended February $1,2020?$

$\backslash$table$[[1.$ Target's label,$],[2$a$.$ Sales,$],[2$b$.$ Cost of goods sold $($labeled cost of sales$),],[2$c$.$ Earnings from continuing operations before income taxes,$],[2$d$.$ Net earnings from continuing operations,$],[2$e$.$ Net earnings,$],[3.$ Does Target report any items as part of its other comprehensive income?,$],[\backslash$table$[[4.$ Does Target prepare the statement of cash flows using the direct method or the indirect$],[$method$?]],],[5.$ Which is higher, net earnings or operating cash flows, and what is the biggest reason why?,$],[6$a$.$ The largest investing cash flow is the outflow from expenditures for:,$],[6$b$.$ The largest financing cash flow is the outflow from expenditures for:,$]]$

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