These are the assignments that I need done 10-1 through 17-1. There is no...

Question

These are the assignments that I need done 10-1 through 17-1. There is no 12-1.
_____________________________________________________________________________
Here are the instructions:
This report covers the dates of Fe
uary 3, 2019 to Fe
uary 1, 2020.
Target 2019 Corporation Link: https:
investors.target.com/static-files/84b61f80-290f-48a2-b98b-99652641f14f
Khol’s Link:
https:
www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_KSS_2019.pdf
ASSIGNMENTS:
-ALL ASSIGNMENTS MUST BE SUMBTTED IS DOC, DOCX OR PDF FORMAT EXCPET 17-1 (spreadsheet software).
-Also, can use APA or MLA format. Can use any format you want.
-Each statement case is a separate doc/pdf file. Any # of pages for each assignment.
10-1:
11-1:
13-1:
14-1:
15-1:
16-1:
17-1:
This assignment needs to be used in a spreadsheet software

acct-instructions-h05pgbyh.docx

Khushboo · Accepted Answer

Solution Case 10-1
1. The Target Corporation is using the straight line method of depreciation for reporting of the assets in the financial statement. Property plant and equipment and the assets under lease is depreciated using straight line method over the useful life of the asset. The straight line method of depreciation is generally preferred by the entity for the income tax purpose.
2. The amount of depreciation and amortization of the entity for the period ending February 01, 2020 amounts to $2357 millions.
3. The cash flow statement provides details of the addition to the property plant and equipment and sale of the property plant and equipment. The addition to the property plant and equipment for the period February 2020 is $3027 million and proceeds from the disposal of the plant and equipment is $63 million.
4. The amount of accumulated depreciation on February 1, 2020 is $ 19,664 million and the net book value of the property plant and equipment for the entity as of February 1, 2020 is $ 26,283 million.
5. Calculation of asset turnover ratio for the year ending February 01, 2020:
                TARGET CORPORATION
	Particulars
	Formula
	Computation
	Result
	Asset turnover ratio
	Sales
	77130
	1.80
	
	Total assets
	42779
	
KOHL’S CORPORATION
	Particulars
	Formula
	Computation
	Result
	Asset turnover ratio
	Sales
	18885
	1.29
	
	Total assets
	14555
	
The asset turnover ratio states the ability and efficiency of the entity in utilizing its assets for generating the revenue for the entity. The asset turnover ratio of the Target Corporation is better than Kohl’s Corporation which means that the Target Corporation is effectively utilizing its assets for generating the revenue for the entity. The asset of the Target corporation is well utilized and it helped the entity in generating good amount of revenue.
CASE 11-1
1. The breakdown of current liabilities of Target at February 1, 2020 comprises of:
· Accounts payable amounting $9920 million.
· Accrued and other payables amounting $4406 million
· Current portion of long term debt amounts to $161 million.
2. Calculation of times interest earned ratio for the year ending February 1,

These are the assignments that I need done 10-1 through 17-1. There is no 12-1. _____________________________________________________________________________ Here are the instructions: This report...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment