Target Financial Analysis
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The Target Corporation: Annual Report Analysis
The Target Corporation is a general merchandise retailer in the United States comprised of three operating entities: Target, Mervyn's and Marshall Field's. Target is an upscale discount chain. At the end of fiscal 2002 there were 1,147 Target stores in 48 states. Mervyn's is a promotional, neighborhood department store with 264 stores. Marshall Field's is a traditional department store chain with 64 stores in eight states ("Company Profile"). Target's 2002 Annual Report outlines the company's financial condition and vision for growth. The annual report is a useful tool for potential investors to gain a deeper understanding of the company's financial condition. Financial statements, footnotes, depreciation and inventory should be analyzed to have a better understanding of The Target Corporation's financial position ("IBM").
Purpose of the Accountant's Report
The purpose of the accountant's report is to notify investors, customers and all other readers that the report is reliable. In the accountant's report a summary of the financial statement results are included to show that the company's financial status is accurate...