Use the Target Corporation financial statements to answer the following questions. Visit http:// www.pearsonhighered. com /Horngren to view a link to Target Corporation’s Fiscal 2015 Annual Report.

Requirements
1. How much was Target Corporation’s long-term debt at January 30, 2016?
2. Compute Target Corporation’s debt to equity ratio at January 30, 2016. How does it compare to Kohl’s Corporation’s ratio?