Target Corporation Financial Analysis Paper
Target corporation financial analysis J Amah September 8, 2013
Abstract
A few years ago, the economy of the United States, like other great economies across the globe, experienced unprecedented negative growth that eventually culminated into one of the greatest recessions in the history of nations. In direct consequences, millions and millions of individual Americans and businesses unjustly suffered undue economic, …show more content…
According to Weygandt, Kieso & Kimmel (2005), since a corporation is a separate and legal entity, creditors have recourse only to corporate assets in making claims and that their (investors) liability is normally limited to the extent of their investments in the corporation. Additionally, in the American publicly traded firms, there is a group of investors called common stockholders who are often entitled to a right referred to as preemptive right. This concept pertains to the opportunity to purchase any additional shares sold by the firm. In many American states, the preemptive right is automatically included in every corporate charter or contract (Brigham & Ehrhardt, 2011). Because preemptive right enables current stockholders to maintain control and prevents transfer of wealth from current to new stock holders, it is this writer’s view that preemptive right is the single most important and protective tool for unsuspecting …show more content…
Its history dates back to the early 1900s. In 1902, an American entrepreneur, named George Dayton, opened his first store (he called Good fellows) in downtown Minneapolis, MN. Over the years, the company has evolved not only in nomenclature but also in its scope of business operations and economic viability. Nearly sixty years after its establishment, the company (then called Dayton Corporation) entered discount merchandising by opening its first Target retail store in Roseville, MN in 1962. According to Target Corporation’s official websites, http://target.com, five years later in 1967, Dayton Corporation, Target’s parent company, went public with its first offering of common
Abstract
A few years ago, the economy of the United States, like other great economies across the globe, experienced unprecedented negative growth that eventually culminated into one of the greatest recessions in the history of nations. In direct consequences, millions and millions of individual Americans and businesses unjustly suffered undue economic, …show more content…
According to Weygandt, Kieso & Kimmel (2005), since a corporation is a separate and legal entity, creditors have recourse only to corporate assets in making claims and that their (investors) liability is normally limited to the extent of their investments in the corporation. Additionally, in the American publicly traded firms, there is a group of investors called common stockholders who are often entitled to a right referred to as preemptive right. This concept pertains to the opportunity to purchase any additional shares sold by the firm. In many American states, the preemptive right is automatically included in every corporate charter or contract (Brigham & Ehrhardt, 2011). Because preemptive right enables current stockholders to maintain control and prevents transfer of wealth from current to new stock holders, it is this writer’s view that preemptive right is the single most important and protective tool for unsuspecting …show more content…
Its history dates back to the early 1900s. In 1902, an American entrepreneur, named George Dayton, opened his first store (he called Good fellows) in downtown Minneapolis, MN. Over the years, the company has evolved not only in nomenclature but also in its scope of business operations and economic viability. Nearly sixty years after its establishment, the company (then called Dayton Corporation) entered discount merchandising by opening its first Target retail store in Roseville, MN in 1962. According to Target Corporation’s official websites, http://target.com, five years later in 1967, Dayton Corporation, Target’s parent company, went public with its first offering of common