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:-


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