Verified order
Hello,I do appreciate all the work you put into this and appreciate financial accounting classes might not be what you regularly work on but wanted to go over the following:There were several inaccuracies in the original information that required me to go back through the assignment and manually verify and correct the work. The issues were not limited to wording or formatting; there were incorrect financial figures, calculations, interpretations, and citation inconsistencies throughout the assignment.The main corrections included:* **Question 4 – Balance Sheet:** Target’s total liabilities were stated as $43,324 million in the discussion, while the correct amount is **$43,325 million**. The discussion also needed to be revised so that the comparison between Dollar Tree and Target was based specifically on their total assets, liabilities, and shareholders’ equity rather than using a vague statement about overall business size.* **Question 5 – Income Statement:** Target’s net sales were initially stated as $104,780 million instead of the correct **$104,781 million**. Dollar Tree’s gross profit was also initially stated as approximately $7.05 billion, but the correct calculation is **$19,411.8 million ? $12,345 million = $7,066.8 million**, or approximately **$7.07 billion**. Some of the discussion also made an overly broad causal statement about why Target has higher sales than Dollar Tree, which needed to be revised to reflect the companies’ actual operating models.* **Question 6 – Financial Ratios:** The ratio calculations and supporting figures had to be manually rechecked, including average total assets, return on assets (ROA), profit margin, and asset turnover for both companies. The verified results were:* Dollar Tree: **ROA 7.99%, profit margin 6.61%, asset turnover 1.21 times**
* Target: **ROA 6.32%, profit margin 3.54%, asset turnover 1.79 times**The discussion also required correction because some explanations did not clearly distinguish between the ratios. In particular, **asset turnover measures how efficiently a company uses its assets to generate sales**, while ROA reflects the combined effect of profitability and asset utilization. Some wording in the discussion was unclear or misleading and needed to be revised. There was also a sentence placed in quotation marks even though it was not a direct quotation, so the quotation marks needed to be removed.* **Question 7 – Statement of Cash Flows:** Several operating cash flow figures in the discussion were incorrect. Dollar Tree’s operating cash flow is **$2,534 million**, not $1,251.5 million, and Target’s is **$6,562 million**, not $2,857 million. The investing and financing activity sections also required review because some figures were described or attributed incorrectly.The verified figures included **$728.5 million** of net investing cash outflow for Dollar Tree and **$3,649 million** for Target, as well as **$2,556.9 million** of net financing cash outflow for Dollar Tree and **$2,187 million** for Target. Capital expenditures were corrected to **$1,134 million for Dollar Tree** and **$3,727 million for Target**, while long-term debt payments were corrected to **$1,000 million for Dollar Tree** and **$1,643 million for Target**. The net change in cash was verified as a **$750.5 million decrease for Dollar Tree** and a **$726 million increase for Target**.* **Question 7 – Cash Flow Interpretation:** The discussion needed to be corrected to distinguish between operating, investing, and financing cash flows and to accurately explain why operating cash flow and capital expenditures are important. Some of the original wording was confusing and did not accurately communicate what the cash flow statement showed.* **Question 8 – SWOT Analysis:** Some of the Dollar Tree SWOT factors were duplicated or did not exactly match the information in the D&B Hoovers source. The comparison also contained overly casual wording such as saying the companies were “plagued” by competition. This was revised to accurately state that both companies face significant competition and that price, product, and distribution factors are identified as competitive considerations in their respective SWOT analyses.* **Question 9 – Corporate Governance and Ethics:** Some of the governance discussion used awkward or inaccurate wording, particularly the statement about the Board overseeing “management and shareholders.” This needed to be revised to distinguish the Board’s responsibility for overseeing management from shareholders’ ability to communicate with the Board.* **Citation consistency:** There were inconsistencies between the years used in the in-text citations and the years listed in the reference section. These needed to be manually reviewed and standardized.* **Academic source citation:** At least one academic source had a publication year that did not match between the in-text citation and the reference list. This required verification and correction.* **Reference/URL issues:** Several reference entries and URLs also needed to be checked for formatting and accuracy, including malformed DOI/URL formatting and inconsistencies in the SEC and D&B Hoovers references.* **Overall interpretation and wording:** Several portions of the assignment made conclusions that were broader than what the financial statements actually demonstrated. These had to be revised so that the discussion remained directly supported by the companies’ reported financial information.Overall, I had to manually go back through the assignment, recheck the source financial statements, recalculate the ratios and financial figures, compare the discussion against the tables, verify the cash flow information, and review the citations and references for consistency. Because there were errors in both the underlying financial information and the explanations of that information, it did not feel as though the original work had been thoroughly verified before being provided.