1. Identify and explain the main sections of Targetââ?¬â?¢s annual report. Financial Summary ââ?¬" This section reports the totalor per share amounts for five to ten financial items for the current year and one or more previous years. Financial items from the income statement and the banance sheet that typically are presented are sales, income from continuing operations, net income, net incom per share, net cash provided by operating activities, dividents per common share, and the amount of capital expenditures.
Letter to Stockholders ââ?¬" This letter discusses the companyââ?¬â?¢s accomplishments fur the past year and highlights significant events such as mergers and acquisitiions, ned products, operating achievement, business philosophy, changes in officers or directors, financing commitments, expalsion plans, and future prospects.
Managementââ?¬â?¢s Discussion and Analysis ââ?¬" This section covers three financial aspects of the company (e.g., results of operations, its ability to pay near-term obligations, and it ability to fund operations and expansion.. It also identifies favorable or unfavorable trends and identify significant events and uncertainties that affect these factoprs amd omvp;ves sibkectove esto,ates amd pbomopms. The higher-upsââ?¬â?¢ breakdown of the financial results and other factors that impact the companyââ?¬â?¢s operations.
Financial statements and Accompanying Notes ââ?¬" A comparative income statement for three year period, comparative statement of cash flows for three years, a comparative balance sheet for two years, a statement of stoch holdersââ?¬â?¢ equity for three years, and a set of accompanying notes that are considered an integral part of the financial statements.
Notes to the Financial Statements ââ?¬" Provides details about potential problems with the numbers or how the number were derived.
Auditorââ?¬â?¢s report - Tells you whether the numbers are accurate and whether you should have any concerns