Question
In: Accounting
What amount ($ in millions) of cash was used in the fiscal year ended February 3,...
What amount ($ in millions) of cash was used in the fiscal year ended February 3, 2018, to purchase property and equipment? Is this an increase or decrease compared to the previous year?
https://corporate.target.com/_media/TargetCorp/annualreports/2017/pdfs/2017-Annual-Report.pdf?ext=.pdf
Solutions
Expert Solution
$2,533 million of cash was used in the fiscal year ended February 3, 2018 to purchase property and equipment. The same is extracted from the Consolidated Statements of Cash Flows (under Investing activities) included in the annual report. As you might already know, cash flow statements only include transactions that were settled cash.
This is an increase from the previous year expenditure of $1,547 million in the last year.
Below is the screenshot for your better understanding:-
ekkarill92 answered 1 year agoRelated Solutions
Snap-On Incorporated Consolidated Statements of Earnings (Amounts in millions) For the fiscal year ended 2013 2012...
Snap-On Incorporated
Consolidated Statements of Earnings
(Amounts in millions)
For the fiscal year ended
2013
2012
Net sales
$3,056.50
$2,937.90
Cost of goods sold
-1,583.60
-1,547.90
Gross profit
1,472.90
1,390.00
Operating expenses
-1,012.40
-980.3
Operating earnings before financial services
460.5
409.7
Financial services revenue
181
161.3
Financial services expenses
-55.3
-54.6
Operating income from financial services
125.7
106.7
Operating earnings
586.2
516.4
Interest expense
-56.1
-55.8
Other income (expense) -- net
-3.9
-0.4
Earnings before income taxes and equity earnings...
Snap-On Incorporated Consolidated Statements of Earnings (Amounts in millions) For the fiscal year ended 2013 2012...
Snap-On
Incorporated
Consolidated Statements of
Earnings
(Amounts in millions)
For the fiscal year ended
2013
2012
Net sales
$3,056.50
$2,937.90
Cost of goods
sold
-1,583.60
-1,547.90
Gross profit
1,472.90
1,390.00
Operating
expenses
-1,012.40
-980.3
Operating earnings
before financial services
460.5
409.7
Financial services
revenue
181
161.3
Financial services
expenses
-55.3
-54.6
Operating income
from financial services
125.7
106.7
Operating
earnings
586.2
516.4
Interest
expense
-56.1
-55.8
Other income
(expense) -- net
-3.9
-0.4
Earnings before
income taxes and equity earnings...
Numbers from this table are used in the next 3 questions. year Population (millions) Workers (millions)...
Numbers from this table are used in the next 3 questions.
year
Population (millions)
Workers (millions)
GDP Deflator
Nominal GDP ($trillions)
CPI
2020
300
150
115
23
260
2060
400
200
210
210
520
2080
350
225
240
280
640
1. What is the average annual inflation rate for consumers from
2020 to 2060?
Group of answer choices
a) less than 1%
b) between 1% and 1.5%
c) between 1.5% and 2.0%
d) between 2.0% and 2.5%
e) between 2.5%...
BIG TWO CORPORATION Statement of Cash Flows For the year Ended December 31, 2010 (In Millions)...
BIG TWO CORPORATION
Statement of Cash Flows
For the year Ended December 31, 2010
(In Millions)
Cash Flows from Operating Activities:
Net
Income
117.5
Sources of Cash
Depreciation
100.0
Accounts
Payable
40.0
Uses of Cash
Accounts
Receivable
(60.0)
Inventories
(200.0)
Net cash provided by operating
activities
(2.5)
Cash Flows from Investing Activities:
Cash Used for Fixed
Assets
(230.0)
Cash Flow from Financing
Activities:
Notes
Payable ...
BIG TWO CORPORATION Statement of Cash Flows For the year Ended December 31, 2010 (In Millions)...
BIG TWO CORPORATION
Statement of Cash Flows
For the year Ended December 31, 2010
(In Millions)
Cash Flows from Operating Activities:
Net
Income
117.5
Sources of Cash
Depreciation
100.0
Accounts
Payable
40.0
Uses of Cash
Accounts
Receivable
(60.0)
Inventories
(200.0)
Net cash provided by operating
activities
(2.5)
Cash Flows from Investing Activities:
Cash Used for Fixed
Assets
(230.0)
Cash Flow from Financing
Activities:
Notes
Payable ...
Beltway Technologies: Balance Sheet for the Year Ended December 31, 2017 (in Millions of Dollars) Cash...
Beltway Technologies: Balance Sheet
for the Year Ended December 31, 2017
(in Millions of Dollars)
Cash
Accounts receivable
Inventory
Current assets
Net fixed assets
Total assets
$ 5.1
26.4
56.1
$ 87.6
26.3
$113.9
Accounts payable
Accruals
Notes payable
Current liabilities
Long-term debt
Preferred stock
Common stock
Total claims
$ 3.8
5.9
1.3
$10.1
40.8
9.7
53.3
$113.9
To begin, Bill reviewed Beltway's 2017 balance sheet, which is
contained in Table 1. Next, Bill...
Prepare a statement of cash flows for PepsiCo for the fiscal year ended December 28, 2019...
Prepare a statement of cash flows for PepsiCo for the fiscal
year ended December 28, 2019 using the Direct method.
Vita Dental Agencies current fiscal year ended on December 31, 2018. For the year then ended,...
Vita Dental Agencies current fiscal year ended on December 31,
2018. For the year then ended, the company has reported an
unadjusted net income of $100,000. The owner has some doubt about
this figure and has asked you to review his accounting records.
Required: Make adjusting entries as at December 31,
2018 for the following information uncovered in your review (show
your calculations for full marks):
a) Vita occupied their new
building for the first time on May 1, 2018....
Retrieve the Form 10-K for American Eagle Outfitters for the fiscal year ending February 3, 2018....
Retrieve the Form 10-K for American Eagle Outfitters for the
fiscal year ending February 3, 2018. American Eagle’s Form 10-K can
be accessed through the SEC EDGAR database
athttps://www.sec.gov/Archives/edgar/data/919012/000156459018006045/aeo-10k_20180203.htm
Hints: You will need to search the financial statement footnotes
to find some of the information. Also, the financial statements are
in thousands, except for per share amounts. If a number is in
thousands, please indicate this by writing out the full number or
writing ‘(in thousands)’. Furthermore, you will not...
Cash Flow Flag INCOME STATEMENT Fiscal year ends in December. USD in millions except per share...
Cash Flow Flag INCOME STATEMENT
Fiscal year ends in December. USD in millions except per share
data.
2013-12
2014-12
2015-12
2016-12
2017-12
TTM
Revenue
220156
200494
129925
110215
134674
154945
Cost of revenue
148882
136464
90788
78778
95114
110718
Gross profit
71274
64030
39137
31437
39560
44227
Costs and expenses
Sales, General and administrative
4510
4494
4443
4684
4448
4358
Interest expense
201
307
731
Other operating expenses
30859
28334
29852
28712
25584
21980
Total costs and expenses
35369
32828...
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