ACC205 W5A.docx - Financial Statement Analysis of Target...

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Financial Statement Analysis of Target CorporationChristopher EvansACC 205: Principles of AccountingJuly 2, 2018Instructor Brent Beyer
Running Head: FINANCIAL STATEMENT ANALYSIS2Company OverviewTarget CorporationThe company I would like to analyze is the Target Corporation. This corporation has beenin business since 1902 and was initially named Goodfellows and incorporated in Minnesota. The company was founded by George Dayton who opened the first store in downtown Minneapolis. In 1910 the store was changed to The Dayton Company, in 1967 They went public and two yearslater merged with J.L. Hudson Company to form the Dayton Hudson Corporation. In 970 the company acquired Mervyn’s and became the seventh largest retailers in the U.S. Later in 1990 Dayton Hudson acquired Marshall Fields and opened the first Target Greatland superstore. Target’s new store included wider aisles, faster and more efficient check lanes, and automatic teller machines. It also offered improved service options such as Food Avenue, expanded pharmacy and photo services, and electronic information stations with price scanners. Target established the first Super Target store in 1995 and launched the Target Guest Card and Club Wedd bridal registry. The company launched its website target.com in 1998. In the same year, Target acquired Associated Merchandising Corporation (AMC), a global sourcing organization” (2016, p5, para 3).Target Corporation (Target or 'the company') is one of the largest retailers in the US. The company offers household essentials, apparel and accessories, hardlines, food and pet supplies, and home furnishings and decor at discounted prices. Target operates in the US. It is headquartered in Minneapolis, Minnesota and employed about 347,000 people as of January 31, 2015” (Target, 2016, p3, para 1). The main competitors of the Target Corporation are Costco Wholesale Corporation, Wal-Mart Stores, Inc., The Home Depot, Inc., Macy’s, Inc., and Kohls just to name a few that are giving Target Corporation a run for its money.
Running Head: FINANCIAL STATEMENT ANALYSIS3Horizontal Analysis of Income Statement and Balance Sheet This paper will show a three-year horizontal analysis of the Income statement and balance sheet of the Target Corporation. Also, the importance and meaning of horizontal analysis

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