AN ANALYSIS OF TARGET’S
FINANCIAL STATEMENTS FOR
2015
ACCT101
APRIL 19, 2018
DR. GREGORY HARMS
Presented by Adam S. Fenton
1
Ratios based on Target’s financial statements (dollars in millions):
Acid-test Ratio (2015)
Cash including cash equivalents: 4046
Total current liabilities: 12622
4046 / 12622 = .32
Acid-test Ratio (2014)
Cash including cash equivalents: 2210
Total current liabilities: 11736
2210/11736 = .19
Current Ratio (2015)
Total current assets: 14130
Total current liabilities: 12622
14130/12622 = 1.12
Current Ratio (2014)
Total current assets: 13624
Total current liabilities: 11736
13624/11736 = 1.16
2
Inventory Turnover (2015)
Cost of Goods Sold: 51997
Merchandise Inventory January 30, 2016: 8601
Merchandise Inventory January 31, 2015: 8282
51997 / (8441.5 x .5) = 6.16
Inventory Turnover (2014)
Cost of Goods Sold: 51278
Merchandise Inventory January 31, 2015: 8282
Merchandise Inventory 2014*: 7770
