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QUESTION
Identify the inventory method used by Target. How does Target value its inventories? (See Note 12). Why do you think Target selected this inventory
- Identify the inventory method used by Target. How does Target value its inventories? (See Note 12). Why do you think Target selected this inventory method? Explain your answer.
- By using the cost of goods sold formula, you can compute net purchases, which are not reported in the Target financial statements. How much were Target's inventory purchases during the year ended January 30, 2016? Include your calculations.Please elaborate on why the strengths you identified are strengths. If you included any weaknesses, what would you suggest to Target for how to improve the weaknesses? Be specific.
- Determine Target's inventory turnover and days' sales in inventory for the year ended January 30, 2016. (Round each ratio to one decimal place.) How do Target's inventory turnover and days' sales in inventory compare with the Kohl's Corporation as reported in the Kohl's Corporation's 2016 Annual ReportPDF
