1. The firm’s auditors are Roxanne S. Austin and Douglas M. Baker. (Target 2012 Annual Report, 2012, p.77). Mrs. Austin is also part of the financing for the firm. (Target 2012 Annual Report, 2012, p.77). Mr. Baker is apart of the nominating and governance for the firm. (Target 2012 Annual Report, 2012, p.77).They provided the clear picture of what Target is able to make and not make through out 2012. There opinion is an upwards trend that they will continue to generate income for many years to come.
3. The trend of Targets total assets and total liabilities went up. They have more assets which make them have more liabilities. All in all they are making more money. From the year before, they were only having $46,630,000 million in assets and liabilities but now they went up to having $48,163,000 million. (Target 2012 Annual Report, 2012, p.35).
4. Assets are anything that a business owns that can be expressed into dollars. (Accounting Coach, LLC, 2004, p.1.) Targets three largest assets are inventory, building and improvements, and property and equipment. Targets inventory has gone down this year.