Obtain the Target Corporations annual report at http://investors.target.com using the instructions in Appendix B and use it
Question:
Obtain the Target Corporation’s annual report at http://investors.target.com using the instructions in Appendix B and use it to answer the following questions:
Required
a. What was the average interest rate on Target’s long-term debt in the fiscal-year ended January 28, 2017 (2016)?
b. Target has an “unsecured revolving credit facility” (i.e., a line of credit). What is the total amount
of credit available under this facility? How much of this total amount available had Target used as of January 28, 2017?
c. Target’s balance sheet shows a line titled “Other noncurrent liabilities.” What are the types of debt included in this category?
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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