By using the cost of goods sold formula, you can compute net purchases, which are not reported in the Target financial statements.

By using the cost of goods sold formula, you can compute net purchases, which are not reported in the Target financial statements. How much were Target’s inventory purchases during the year ended January 30, 2016? Include your calculations.

Determine Target’s inventory turnover and days’ sales in inventory for the year ended January 30, 2016. (Round each ratio to one decimal place.) How do Target’s inventory turnover and days’ sales in inventory compare with the Kohl’s Corporation as reported in the Kohl’s Corporation’s 2016 Annual ReportPDF for the year ended January 30, 2016? 

https://www.riolearn.org/content/ACC/ACC111/ACC111_INTER_0000_v4/misc/Annual_Report.pdf

http://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_KSS_2016.pdf